E&G Advisors LP Sells 1,300 Shares of BlackRock Multi-Sector Income Trust (NYSE:BIT)

E&G Advisors LP trimmed its position in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,400 shares of the investment management company’s stock after selling 1,300 shares during the quarter. E&G Advisors LP’s holdings in BlackRock Multi-Sector Income Trust were worth $1,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its stake in shares of BlackRock Multi-Sector Income Trust by 1.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 58,673 shares of the investment management company’s stock valued at $857,000 after acquiring an additional 995 shares during the period. Geneos Wealth Management Inc. bought a new position in shares of BlackRock Multi-Sector Income Trust in the fourth quarter worth approximately $27,000. NewEdge Advisors LLC increased its stake in shares of BlackRock Multi-Sector Income Trust by 4.5% in the second quarter. NewEdge Advisors LLC now owns 72,704 shares of the investment management company’s stock worth $1,060,000 after purchasing an additional 3,140 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of BlackRock Multi-Sector Income Trust in the fourth quarter worth $146,000. Finally, International Assets Investment Management LLC bought a new stake in shares of BlackRock Multi-Sector Income Trust during the 3rd quarter valued at $1,650,000.

BlackRock Multi-Sector Income Trust Stock Up 0.4 %

NYSE BIT opened at $14.84 on Tuesday. The business has a 50-day moving average price of $14.61 and a 200-day moving average price of $14.77. BlackRock Multi-Sector Income Trust has a twelve month low of $14.22 and a twelve month high of $15.98.

BlackRock Multi-Sector Income Trust Announces Dividend

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

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.