1607 Capital Partners LLC Takes $2.17 Million Position in BlackRock Multi-Sector Income Trust $BIT

1607 Capital Partners LLC acquired a new position in BlackRock Multi-Sector Income Trust (NYSE:BIT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 165,877 shares of the investment management company’s stock, valued at approximately $2,166,000.

Other large investors also recently bought and sold shares of the company. Cresta Advisors Ltd. bought a new position in BlackRock Multi-Sector Income Trust in the fourth quarter worth approximately $91,000. Harbour Investments Inc. bought a new position in BlackRock Multi-Sector Income Trust in the fourth quarter worth approximately $94,000. Creekmur Asset Management LLC raised its stake in BlackRock Multi-Sector Income Trust by 50.0% in the third quarter. Creekmur Asset Management LLC now owns 7,079 shares of the investment management company’s stock worth $95,000 after buying an additional 2,360 shares in the last quarter. Anfield Capital Management LLC bought a new position in BlackRock Multi-Sector Income Trust in the third quarter worth approximately $99,000. Finally, Comerica Bank raised its stake in BlackRock Multi-Sector Income Trust by 24.0% in the fourth quarter. Comerica Bank now owns 8,619 shares of the investment management company’s stock worth $113,000 after buying an additional 1,669 shares in the last quarter.

BlackRock Multi-Sector Income Trust Price Performance

Shares of NYSE:BIT opened at $12.35 on Thursday. BlackRock Multi-Sector Income Trust has a 52 week low of $12.20 and a 52 week high of $15.12. The firm has a 50 day moving average of $12.62 and a 200 day moving average of $12.89.

BlackRock Multi-Sector Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.1237 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 12.0%.

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.