Family Management Corp Has $797,000 Stake in Blackrock Multi-Sector Income Trust (NYSE:BIT)

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Family Management Corp boosted its holdings in shares of Blackrock Multi-Sector Income Trust (NYSE:BIT) by 32.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,654 shares of the investment management company’s stock after purchasing an additional 11,201 shares during the period. Family Management Corp’s holdings in Blackrock Multi-Sector Income Trust were worth $797,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cohen & Steers Inc. increased its position in shares of Blackrock Multi-Sector Income Trust by 415.0% in the second quarter. Cohen & Steers Inc. now owns 257,976 shares of the investment management company’s stock valued at $4,502,000 after acquiring an additional 207,885 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Blackrock Multi-Sector Income Trust in the first quarter valued at about $1,250,000. Invesco Ltd. increased its position in shares of Blackrock Multi-Sector Income Trust by 4.5% in the second quarter. Invesco Ltd. now owns 601,562 shares of the investment management company’s stock valued at $10,497,000 after acquiring an additional 25,907 shares during the last quarter. Wiley BROS. Aintree Capital LLC acquired a new stake in shares of Blackrock Multi-Sector Income Trust in the second quarter valued at about $425,000. Finally, Cetera Advisor Networks LLC acquired a new stake in shares of Blackrock Multi-Sector Income Trust in the first quarter valued at about $357,000.

Shares of NYSE:BIT traded up $0.08 during midday trading on Friday, reaching $17.18. The company had a trading volume of 499 shares, compared to its average volume of 116,054. The business’s 50 day moving average price is $17.12 and its 200 day moving average price is $17.01. Blackrock Multi-Sector Income Trust has a 1-year low of $14.79 and a 1-year high of $17.67.

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.117 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.17%. The ex-dividend date of this dividend is Friday, September 13th.

About Blackrock Multi-Sector Income Trust

BlackRock Multi-Sector Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund invests in fixed income markets. It invests primarily in loan and debt instruments and other investments with similar economic characteristic.

Further Reading: What are the benefits of buying treasury bonds?

Institutional Ownership by Quarter for Blackrock Multi-Sector Income Trust (NYSE:BIT)

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