Wolverine Asset Management LLC Has $860,000 Stock Position in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Wolverine Asset Management LLC lowered its holdings in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 38.4% in the 4th quarter, HoldingsChannel reports. The firm owned 58,914 shares of the investment management company’s stock after selling 36,652 shares during the period. Wolverine Asset Management LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $860,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Concurrent Investment Advisors LLC grew its stake in 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 worth $178,000 after purchasing an additional 1,479 shares during the period. Atria Wealth Solutions Inc. grew its stake in 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 acquiring an additional 5,825 shares during the period. Walkner Condon Financial Advisors LLC acquired a new stake in BlackRock Multi-Sector Income Trust in the fourth quarter valued at approximately $197,000. Elm3 Financial Group LLC acquired a new stake in BlackRock Multi-Sector Income Trust in the fourth quarter valued at approximately $339,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in BlackRock Multi-Sector Income Trust in the fourth quarter valued at approximately $1,539,000.

BlackRock Multi-Sector Income Trust Price Performance

Shares of BlackRock Multi-Sector Income Trust stock opened at $14.62 on Friday. BlackRock Multi-Sector Income Trust has a 52 week low of $14.22 and a 52 week high of $15.98. The stock has a 50 day moving average price of $14.62 and a two-hundred day moving average price of $14.78.

BlackRock Multi-Sector Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.1237 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.48 dividend on an annualized basis and a yield of 10.16%.

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.