Beta Wealth Group Inc. Invests $1.86 Million in BlackRock Multi-Sector Income Trust $BIT

Beta Wealth Group Inc. purchased a new position in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 142,579 shares of the investment management company’s stock, valued at approximately $1,862,000.

A number of other large investors have also modified their holdings of BIT. Wells Fargo & Company MN grew its stake in shares of BlackRock Multi-Sector Income Trust by 440.2% during the fourth quarter. Wells Fargo & Company MN now owns 474,153 shares of the investment management company’s stock worth $6,192,000 after acquiring an additional 386,375 shares during the last quarter. Yakira Capital Management Inc. purchased a new stake in shares of BlackRock Multi-Sector Income Trust during the third quarter worth about $4,110,000. Readystate Asset Management LP purchased a new stake in shares of BlackRock Multi-Sector Income Trust during the third quarter worth about $3,030,000. Shaker Financial Services LLC purchased a new stake in shares of BlackRock Multi-Sector Income Trust during the fourth quarter worth about $2,180,000. Finally, Invesco Ltd. grew its stake 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 acquiring an additional 86,358 shares during the last quarter.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of BIT stock opened at $12.57 on Friday. BlackRock Multi-Sector Income Trust has a fifty-two week low of $12.20 and a fifty-two week high of $15.12. The stock’s 50-day simple moving average is $12.62 and its 200-day simple moving average is $12.91.

BlackRock Multi-Sector Income Trust Dividend Announcement

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

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.