280,789 Shares in BlackRock Multi-Sector Income Trust (NYSE:BIT) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in BlackRock Multi-Sector Income Trust (NYSE:BIT) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 280,789 shares of the investment management company’s stock, valued at approximately $4,100,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BIT. Steward Partners Investment Advisory LLC grew its position in BlackRock Multi-Sector Income Trust by 11.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 68,814 shares of the investment management company’s stock valued at $1,005,000 after purchasing an additional 7,186 shares during the period. HighTower Advisors LLC purchased a new stake in BlackRock Multi-Sector Income Trust in the 3rd quarter valued at $241,000. Janney Montgomery Scott LLC raised its holdings in shares of BlackRock Multi-Sector Income Trust by 1.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 58,673 shares of the investment management company’s stock valued at $857,000 after purchasing an additional 995 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of BlackRock Multi-Sector Income Trust by 6.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 100,338 shares of the investment management company’s stock valued at $1,465,000 after purchasing an additional 5,825 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in shares of BlackRock Multi-Sector Income Trust by 13.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 12,190 shares of the investment management company’s stock valued at $178,000 after purchasing an additional 1,479 shares in the last quarter.

BlackRock Multi-Sector Income Trust Stock Down 0.0 %

Shares of BIT stock opened at $14.52 on Thursday. BlackRock Multi-Sector Income Trust has a 52-week low of $14.22 and a 52-week high of $15.98. The company has a 50-day simple moving average of $14.66 and a two-hundred day simple moving average of $14.74.

BlackRock Multi-Sector Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.1237 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 10.23%.

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.