Northwestern Mutual Wealth Management Co. lifted its stake in Blackrock Multi-Sector Income Trust (NYSE:BIT) by 14.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,821 shares of the company’s stock after acquiring an additional 4,525 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Blackrock Multi-Sector Income Trust were worth $668,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in shares of Blackrock Multi-Sector Income Trust by 4.7% in the second quarter. Wells Fargo & Company MN now owns 788,980 shares of the company’s stock worth $14,304,000 after buying an additional 35,533 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Blackrock Multi-Sector Income Trust during the second quarter valued at about $514,000. Shaker Financial Services LLC purchased a new stake in Blackrock Multi-Sector Income Trust during the second quarter valued at about $253,000. First Trust Advisors LP raised its position in Blackrock Multi-Sector Income Trust by 15.7% during the second quarter. First Trust Advisors LP now owns 71,247 shares of the company’s stock valued at $1,292,000 after purchasing an additional 9,681 shares in the last quarter. Finally, Advisors Asset Management Inc. purchased a new stake in Blackrock Multi-Sector Income Trust during the second quarter valued at about $111,000.

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Shares of Blackrock Multi-Sector Income Trust (NYSE BIT) opened at 18.44 on Friday. The firm’s 50-day moving average price is $18.31 and its 200-day moving average price is $17.87. Blackrock Multi-Sector Income Trust has a 52-week low of $15.52 and a 52-week high of $18.58.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.1167 per share. This represents a $1.40 annualized dividend and a dividend yield of 7.59%. The ex-dividend date is Thursday, September 14th.

Blackrock Multi-Sector Income Trust Company Profile

BlackRock Multi-Sector Income Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in various sectors, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; it services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.

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

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