BlackRock Multi-Sector Income Trust $BIT Stake Lessened by Sit Investment Associates Inc.

Sit Investment Associates Inc. lessened its stake in BlackRock Multi-Sector Income Trust (NYSE:BIT) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,961,943 shares of the investment management company’s stock after selling 88,322 shares during the period. BlackRock Multi-Sector Income Trust comprises about 1.3% of Sit Investment Associates Inc.’s investment portfolio, making the stock its 15th largest position. Sit Investment Associates Inc.’s holdings in BlackRock Multi-Sector Income Trust were worth $64,803,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Janney Montgomery Scott LLC increased its stake in shares of BlackRock Multi-Sector Income Trust by 1.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 119,506 shares of the investment management company’s stock worth $1,561,000 after buying an additional 1,566 shares during the last quarter. Harbour Investments Inc. bought a new stake in shares of BlackRock Multi-Sector Income Trust in the fourth quarter worth $94,000. World Investment Advisors increased its stake in shares of BlackRock Multi-Sector Income Trust by 9.4% in the fourth quarter. World Investment Advisors now owns 12,660 shares of the investment management company’s stock worth $152,000 after buying an additional 1,084 shares during the last quarter. Cresta Advisors Ltd. bought a new stake in shares of BlackRock Multi-Sector Income Trust in the fourth quarter worth $91,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of BlackRock Multi-Sector Income Trust in the fourth quarter worth $922,000.

BlackRock Multi-Sector Income Trust Trading Up 0.5%

BIT stock opened at $12.60 on Friday. BlackRock Multi-Sector Income Trust has a 1-year low of $12.20 and a 1-year high of $15.12. The firm has a fifty day moving average price of $12.62 and a two-hundred day moving average price of $12.91.

BlackRock Multi-Sector Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.1237 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 11.8%.

About BlackRock Multi-Sector Income Trust

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.