Wealth Care LLC Takes Position in BlackRock Multi-Sector Income Trust $BIT

Wealth Care LLC bought a new position in BlackRock Multi-Sector Income Trust (NYSE:BIT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 51,883 shares of the investment management company’s stock, valued at approximately $650,000.

A number of other hedge funds have also modified their holdings of BIT. Garton & Associates Financial Advisors LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust during the fourth quarter worth $28,000. Cresta Advisors Ltd. acquired a new position in shares of BlackRock Multi-Sector Income Trust in the 4th quarter valued at $91,000. Harbour Investments Inc. acquired a new position in shares of BlackRock Multi-Sector Income Trust in the 4th quarter valued at $94,000. Comerica Bank increased its stake in BlackRock Multi-Sector Income Trust by 24.0% in the 4th quarter. Comerica Bank now owns 8,619 shares of the investment management company’s stock worth $113,000 after purchasing an additional 1,669 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in BlackRock Multi-Sector Income Trust in the 4th quarter worth about $145,000.

BlackRock Multi-Sector Income Trust Stock Performance

NYSE BIT opened at $12.51 on Wednesday. BlackRock Multi-Sector Income Trust has a 1 year low of $12.20 and a 1 year high of $15.12. The stock’s 50-day moving average price is $12.56 and its two-hundred day moving average price is $12.84.

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 given a $0.1237 dividend. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock Multi-Sector Income Trust Company 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.