E&G Advisors LP Cuts Position in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Posted by Grant Hamersma on Feb 4th, 2025

E&G Advisors LP lowered its position in BlackRock Multi-Sector Income Trust (NYSE:BIT – Free Report) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,400 shares of the investment management company’s stock after selling 1,300 shares during the period. E&G Advisors LP’s holdings in BlackRock Multi-Sector Income Trust were worth $1,174,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BIT. Geneos Wealth Management Inc. acquired a new position in shares of BlackRock Multi-Sector Income Trust during the fourth quarter valued at about $27,000. Spire Wealth Management acquired a new stake in BlackRock Multi-Sector Income Trust during the fourth quarter worth about $146,000. International Assets Investment Management LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust during the 3rd quarter valued at approximately $1,650,000. HighTower Advisors LLC acquired a new position in shares of BlackRock Multi-Sector Income Trust in the third quarter worth about $241,000. Finally, Shaker Financial Services LLC purchased a new position in BlackRock Multi-Sector Income Trust during the third quarter worth approximately $682,000.

BlackRock Multi-Sector Income Trust Price Performance

BlackRock Multi-Sector Income Trust stock opened at $14.84 on Tuesday. The company’s fifty day moving average price is $14.61 and its 200 day moving average price is $14.77. BlackRock Multi-Sector Income Trust has a 1 year low of $14.22 and a 1 year high of $15.98.

BlackRock Multi-Sector Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.1237 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.48 annualized dividend and a yield of 10.01%.

About BlackRock Multi-Sector Income Trust

(Free Report)

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.