BlackRock Multi-Sector Income Trust (NYSE:BIT) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its holdings in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 6.1% in the third quarter, Holdings Channel reports. The institutional investor owned 57,678 shares of the investment management company’s stock after purchasing an additional 3,325 shares during the period. Janney Montgomery Scott LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $877,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Verus Capital Partners LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust during the 2nd quarter worth about $219,000. Wolverine Asset Management LLC acquired a new stake in BlackRock Multi-Sector Income Trust during the second quarter worth approximately $791,000. NewEdge Advisors LLC lifted its position in shares of BlackRock Multi-Sector Income Trust by 4.5% during the 2nd quarter. NewEdge Advisors LLC now owns 72,704 shares of the investment management company’s stock worth $1,060,000 after buying an additional 3,140 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of BlackRock Multi-Sector Income Trust by 11.4% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 78,203 shares of the investment management company’s stock worth $1,140,000 after buying an additional 8,011 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of BlackRock Multi-Sector Income Trust by 11.5% in the 2nd quarter. Private Advisor Group LLC now owns 90,760 shares of the investment management company’s stock valued at $1,323,000 after buying an additional 9,341 shares in the last quarter.

BlackRock Multi-Sector Income Trust Stock Down 0.4 %

BlackRock Multi-Sector Income Trust stock opened at $14.60 on Friday. The stock has a 50 day moving average of $14.94 and a two-hundred day moving average of $14.87. BlackRock Multi-Sector Income Trust has a twelve month low of $14.39 and a twelve month high of $15.98.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.1237 per share. This represents a $1.48 annualized dividend and a dividend yield of 10.17%. The ex-dividend date of this dividend is Friday, November 15th.

Wall Street Analysts Forecast Growth

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

BlackRock Multi-Sector Income Trust 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.