West Oak Capital LLC reduced its position in BlackRock Multi-Sector Income Trust (NYSE:BIT – Free Report) by 24.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,100 shares of the investment management company’s stock after selling 1,000 shares during the quarter. West Oak Capital LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Sound Income Strategies LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust in the third quarter worth $42,000. PNC Financial Services Group Inc. lifted its holdings in shares of BlackRock Multi-Sector Income Trust by 1,040.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,700 shares of the investment management company’s stock worth $81,000 after buying an additional 5,200 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of BlackRock Multi-Sector Income Trust in the third quarter worth $83,000. Comerica Bank purchased a new position in shares of BlackRock Multi-Sector Income Trust in the third quarter worth $115,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust in the third quarter worth $150,000.
BlackRock Multi-Sector Income Trust Price Performance
Shares of BIT stock traded up $0.09 during mid-day trading on Thursday, hitting $15.97. The company had a trading volume of 38,212 shares, compared to its average volume of 87,839. BlackRock Multi-Sector Income Trust has a 52-week low of $13.65 and a 52-week high of $15.97. The stock’s 50 day moving average price is $15.44 and its 200-day moving average price is $14.97.
BlackRock Multi-Sector Income Trust Announces Dividend
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.
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