Shaker Financial Services LLC Decreases Stake in BlackRock Multi-Sector Income Trust (NYSE:BIT)

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Shaker Financial Services LLC trimmed its position in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 80.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,064 shares of the investment management company’s stock after selling 149,244 shares during the quarter. Shaker Financial Services LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $585,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Advisory Services Network LLC grew its stake in shares of BlackRock Multi-Sector Income Trust by 4.2% in the second quarter. Advisory Services Network LLC now owns 22,646 shares of the investment management company’s stock valued at $326,000 after buying an additional 903 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV boosted its position in BlackRock Multi-Sector Income Trust by 2.0% in the 2nd quarter. Mid Atlantic Financial Management Inc. ADV now owns 84,900 shares of the investment management company’s stock worth $1,223,000 after purchasing an additional 1,700 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in BlackRock Multi-Sector Income Trust by 13.3% in the 2nd quarter. Avantax Advisory Services Inc. now owns 17,316 shares of the investment management company’s stock worth $248,000 after purchasing an additional 2,036 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of BlackRock Multi-Sector Income Trust by 1.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 159,332 shares of the investment management company’s stock valued at $2,296,000 after buying an additional 2,043 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in shares of BlackRock Multi-Sector Income Trust by 7.4% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 47,499 shares of the investment management company’s stock valued at $684,000 after buying an additional 3,274 shares in the last quarter.

Shares of NYSE:BIT opened at $16.41 on Tuesday. BlackRock Multi-Sector Income Trust has a 1 year low of $8.41 and a 1 year high of $17.22. The business’s 50 day moving average price is $15.99 and its 200-day moving average price is $15.12.

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a dividend of $0.124 per share. The ex-dividend date is Friday, November 13th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 9.07%.

About BlackRock Multi-Sector Income Trust

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.

Further Reading: Forex

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

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