GraniteShares Advisors LLC Takes Position in BlackRock Multi-Sector Income Trust (NYSE:BIT)

GraniteShares Advisors LLC purchased a new stake in BlackRock Multi-Sector Income Trust (NYSE:BIT) in the fourth quarter, Holdings Channel.com reports. The fund purchased 168,754 shares of the investment management company’s stock, valued at approximately $2,464,000.

A number of other large investors have also made changes to their positions in BIT. Geneos Wealth Management Inc. purchased a new position in shares of BlackRock Multi-Sector Income Trust in the 4th quarter valued at about $27,000. Spire Wealth Management purchased a new position in shares of BlackRock Multi-Sector Income Trust in the 4th quarter valued at about $146,000. Concurrent Investment Advisors LLC increased its holdings in shares of BlackRock Multi-Sector Income Trust by 13.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 12,190 shares of the investment management company’s stock valued at $178,000 after purchasing an additional 1,479 shares in the last quarter. Walkner Condon Financial Advisors LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust in the 4th quarter valued at about $197,000. Finally, HighTower Advisors LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust in the 3rd quarter valued at about $241,000.

BlackRock Multi-Sector Income Trust Stock Performance

NYSE:BIT opened at $14.66 on Wednesday. The firm has a 50-day moving average price of $14.63 and a two-hundred day moving average price of $14.78. 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 firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.1237 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.48 annualized dividend and a yield of 10.13%.

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.