Allspring Global Investments Holdings LLC Takes Position in BlackRock Multi-Sector Income Trust $BIT

Allspring Global Investments Holdings LLC bought a new stake in BlackRock Multi-Sector Income Trust (NYSE:BIT) during the first quarter, Holdings Channel.com reports. The fund bought 372,532 shares of the investment management company’s stock, valued at approximately $4,664,000.

Other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in BlackRock Multi-Sector Income Trust by 440.2% in the fourth quarter. Wells Fargo & Company MN now owns 474,153 shares of the investment management company’s stock worth $6,192,000 after purchasing an additional 386,375 shares in the last quarter. Royal Bank of Canada grew its position in BlackRock Multi-Sector Income Trust by 76.7% in the fourth quarter. Royal Bank of Canada now owns 681,655 shares of the investment management company’s stock valued at $8,903,000 after acquiring an additional 295,974 shares during the period. Invesco Ltd. grew its position in BlackRock Multi-Sector Income Trust by 53.8% in the fourth quarter. Invesco Ltd. now owns 673,510 shares of the investment management company’s stock valued at $8,796,000 after acquiring an additional 235,625 shares during the period. Shaker Financial Services LLC acquired a new position in BlackRock Multi-Sector Income Trust during the fourth quarter worth $2,180,000. Finally, 1607 Capital Partners LLC acquired a new position in BlackRock Multi-Sector Income Trust during the fourth quarter worth $2,166,000.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of NYSE:BIT opened at $12.18 on Friday. The company’s fifty day moving average is $12.45 and its 200-day moving average is $12.75. BlackRock Multi-Sector Income Trust has a 52 week low of $12.17 and a 52 week high of $15.12.

BlackRock Multi-Sector Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.1237 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%.

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.