Blackrock Multi-Sector Income Trust (NYSE:BIT) Stock Position Decreased by LLBH Private Wealth Management LLC

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LLBH Private Wealth Management LLC cut its position in shares of Blackrock Multi-Sector Income Trust (NYSE:BIT) by 78.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,500 shares of the investment management company’s stock after selling 9,239 shares during the period. LLBH Private Wealth Management LLC’s holdings in Blackrock Multi-Sector Income Trust were worth $207,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mid Atlantic Financial Management Inc. ADV raised its holdings in Blackrock Multi-Sector Income Trust by 5.5% during the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 43,160 shares of the investment management company’s stock worth $753,000 after acquiring an additional 2,250 shares in the last quarter. H D Vest Advisory Services bought a new stake in Blackrock Multi-Sector Income Trust during the second quarter worth about $218,000. Commonwealth Equity Services LLC raised its holdings in Blackrock Multi-Sector Income Trust by 13.7% during the second quarter. Commonwealth Equity Services LLC now owns 13,311 shares of the investment management company’s stock worth $232,000 after acquiring an additional 1,599 shares in the last quarter. West Oak Capital LLC raised its holdings in Blackrock Multi-Sector Income Trust by 42.6% during the second quarter. West Oak Capital LLC now owns 6,700 shares of the investment management company’s stock worth $117,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Wiley BROS. Aintree Capital LLC bought a new stake in Blackrock Multi-Sector Income Trust during the second quarter worth about $425,000.

BIT traded up $0.12 on Tuesday, hitting $17.13. 1,560 shares of the company were exchanged, compared to its average volume of 116,386. Blackrock Multi-Sector Income Trust has a 12 month low of $14.79 and a 12 month high of $17.75. The stock’s fifty day moving average is $17.20 and its 200-day moving average is $16.94.

The business also recently announced a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a dividend of $0.117 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.40 annualized dividend and a yield of 8.20%.

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.

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Institutional Ownership by Quarter for Blackrock Multi-Sector Income Trust (NYSE:BIT)

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