SMH Capital Advisors Inc. Sells 1,233 Shares of BlackRock Multi-Sector Income Trust (NYSE:BIT)

SMH Capital Advisors Inc. cut its holdings in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 8.4% in the 2nd quarter, Holdings Channel reports. The firm owned 13,419 shares of the investment management company’s stock after selling 1,233 shares during the period. SMH Capital Advisors Inc.’s holdings in BlackRock Multi-Sector Income Trust were worth $196,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BIT. Mesirow Financial Investment Management Inc. bought a new position in shares of BlackRock Multi-Sector Income Trust in the 1st quarter valued at $2,563,000. Envestnet Asset Management Inc. lifted its stake in shares of BlackRock Multi-Sector Income Trust by 45.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 205,703 shares of the investment management company’s stock valued at $2,999,000 after acquiring an additional 63,811 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of BlackRock Multi-Sector Income Trust in the 2nd quarter valued at $791,000. Steward Partners Investment Advisory LLC lifted its stake in shares of BlackRock Multi-Sector Income Trust by 447.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 51,780 shares of the investment management company’s stock valued at $777,000 after acquiring an additional 42,317 shares during the last quarter. Finally, Verus Capital Partners LLC bought a new position in shares of BlackRock Multi-Sector Income Trust in the 2nd quarter valued at $219,000.

BlackRock Multi-Sector Income Trust Stock Performance

NYSE BIT opened at $15.03 on Thursday. BlackRock Multi-Sector Income Trust has a twelve month low of $13.65 and a twelve month high of $15.98. The stock has a fifty day simple moving average of $14.80 and a 200 day simple moving average of $15.05.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.1237 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.48 dividend on an annualized basis and a yield of 9.88%.

Analyst Ratings Changes

Separately, Royal Bank of Canada upgraded BlackRock Multi-Sector Income Trust to a “hold” rating in a report on Thursday, July 25th.

BlackRock Multi-Sector Income Trust Company Profile

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.