Wolverine Asset Management LLC Invests $922,000 in BlackRock Multi-Sector Income Trust $BIT

Wolverine Asset Management LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 70,561 shares of the investment management company’s stock, valued at approximately $922,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Cyndeo Wealth Partners LLC grew its holdings in shares of BlackRock Multi-Sector Income Trust by 1.8% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 837,581 shares of the investment management company’s stock worth $10,939,000 after buying an additional 15,201 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of BlackRock Multi-Sector Income Trust by 17.6% during the third quarter. Ameriprise Financial Inc. now owns 512,573 shares of the investment management company’s stock worth $6,829,000 after buying an additional 76,610 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of BlackRock Multi-Sector Income Trust during the third quarter worth about $6,202,000. Invesco Ltd. grew its holdings in shares of BlackRock Multi-Sector Income Trust by 24.6% during the third quarter. Invesco Ltd. now owns 437,885 shares of the investment management company’s stock worth $5,863,000 after buying an additional 86,358 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of BlackRock Multi-Sector Income Trust by 12.6% during the third quarter. Envestnet Asset Management Inc. now owns 327,723 shares of the investment management company’s stock worth $4,388,000 after buying an additional 36,733 shares in the last quarter.

BlackRock Multi-Sector Income Trust Trading Up 0.7%

Shares of NYSE BIT opened at $12.84 on Thursday. BlackRock Multi-Sector Income Trust has a 12 month low of $12.21 and a 12 month high of $15.12. The company has a 50-day simple moving average of $12.71 and a 200-day simple moving average of $13.02.

BlackRock Multi-Sector Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.1237 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%.

BlackRock Multi-Sector Income Trust 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.