23,201 Shares in BlackRock Multi-Sector Income Trust (NYSE:BIT) Purchased by Elm3 Financial Group LLC

Elm3 Financial Group LLC bought a new position in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) during the 4th quarter, Holdings Channel reports. The firm bought 23,201 shares of the investment management company’s stock, valued at approximately $339,000.

Other hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new stake in shares of BlackRock Multi-Sector Income Trust in the 4th quarter worth approximately $27,000. Spire Wealth Management acquired a new stake in BlackRock Multi-Sector Income Trust in the fourth quarter valued at $146,000. International Assets Investment Management LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust in the third quarter valued at $1,650,000. HighTower Advisors LLC acquired a new position in shares of BlackRock Multi-Sector Income Trust during the 3rd quarter worth $241,000. Finally, Shaker Financial Services LLC acquired a new position in BlackRock Multi-Sector Income Trust during the third quarter worth about $682,000.

BlackRock Multi-Sector Income Trust Price Performance

BlackRock Multi-Sector Income Trust stock opened at $14.84 on Thursday. BlackRock Multi-Sector Income Trust has a fifty-two week low of $14.22 and a fifty-two week high of $15.98. The stock has a fifty day moving average of $14.62 and a two-hundred day moving average of $14.77.

BlackRock Multi-Sector Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.1237 dividend. This represents a $1.48 annualized dividend and a yield of 10.01%. The ex-dividend date of this dividend is Friday, February 14th.

About BlackRock Multi-Sector Income Trust

BlackRock Multi-Sector Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund invests in fixed income markets. It invests primarily in loan and debt instruments and other investments with similar economic characteristic.