BlackRock Multi-Sector Income Trust $BIT Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its stake in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 33.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 203,724 shares of the investment management company’s stock after purchasing an additional 50,929 shares during the period. Thrivent Financial for Lutherans’ holdings in BlackRock Multi-Sector Income Trust were worth $2,728,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of BIT. NewEdge Advisors LLC boosted its stake in shares of BlackRock Multi-Sector Income Trust by 2.0% in the second quarter. NewEdge Advisors LLC now owns 84,429 shares of the investment management company’s stock worth $1,233,000 after acquiring an additional 1,678 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of BlackRock Multi-Sector Income Trust by 15.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 14,069 shares of the investment management company’s stock worth $205,000 after purchasing an additional 1,849 shares during the last quarter. Cetera Investment Advisers lifted its position in BlackRock Multi-Sector Income Trust by 3.2% during the second quarter. Cetera Investment Advisers now owns 59,446 shares of the investment management company’s stock worth $868,000 after buying an additional 1,852 shares in the last quarter. Creekmur Asset Management LLC increased its position in BlackRock Multi-Sector Income Trust by 161.4% during the second quarter. Creekmur Asset Management LLC now owns 4,719 shares of the investment management company’s stock worth $69,000 after purchasing an additional 2,914 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in BlackRock Multi-Sector Income Trust by 7.1% in the 2nd quarter. First Trust Advisors LP now owns 61,478 shares of the investment management company’s stock valued at $898,000 after purchasing an additional 4,070 shares during the last quarter.

BlackRock Multi-Sector Income Trust Price Performance

BlackRock Multi-Sector Income Trust stock opened at $13.36 on Tuesday. The firm has a 50 day simple moving average of $13.20 and a 200-day simple moving average of $13.48. BlackRock Multi-Sector Income Trust has a 1-year low of $12.50 and a 1-year high of $15.12.

BlackRock Multi-Sector Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.1237 dividend. This represents a c) annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend is Friday, March 13th.

BlackRock Multi-Sector Income Trust Company Profile

BlackRock Multi-Sector Income Trust (NYSE:BIT) is a closed-end management investment company sponsored by BlackRock, Inc The trust seeks to provide high current income and total return by investing across a broad range of income-producing sectors. It trades on the New York Stock Exchange under the ticker symbol BIT and is managed by BlackRock Advisors, LLC.

The trust’s portfolio is diversified across multiple sectors of the fixed-income market, including investment-grade corporate bonds, high-yield corporate debt, U.S.