Elm3 Financial Group LLC Takes Position in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Elm3 Financial Group LLC acquired a new stake in BlackRock Multi-Sector Income Trust (NYSE:BIT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 23,201 shares of the investment management company’s stock, valued at approximately $339,000.

Several other large investors have also modified their holdings of the company. Geneos Wealth Management Inc. acquired a new stake in BlackRock Multi-Sector Income Trust during the 4th quarter worth approximately $27,000. Spire Wealth Management acquired a new stake in shares of BlackRock Multi-Sector Income Trust during the fourth quarter worth $146,000. HighTower Advisors LLC purchased a new position in BlackRock Multi-Sector Income Trust in the 3rd quarter valued at $241,000. Shaker Financial Services LLC purchased a new position in BlackRock Multi-Sector Income Trust in the 3rd quarter valued at $682,000. Finally, Janney Montgomery Scott LLC increased its stake in BlackRock Multi-Sector Income Trust by 1.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 58,673 shares of the investment management company’s stock valued at $857,000 after buying an additional 995 shares during the period.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of BlackRock Multi-Sector Income Trust stock opened at $14.84 on Thursday. The firm has a fifty day moving average of $14.62 and a two-hundred day moving average of $14.77. BlackRock Multi-Sector Income Trust has a one year low of $14.22 and a one year high of $15.98.

BlackRock Multi-Sector Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.1237 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.01%. The ex-dividend date is Friday, February 14th.

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.