Midwest Heritage Bank FSB Reduces Stock Holdings in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Midwest Heritage Bank FSB lessened its holdings in BlackRock Multi-Sector Income Trust (NYSE:BITFree Report) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,162 shares of the investment management company’s stock after selling 1,038 shares during the period. Midwest Heritage Bank FSB’s holdings in BlackRock Multi-Sector Income Trust were worth $287,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Sound Income Strategies LLC acquired a new stake in BlackRock Multi-Sector Income Trust during the third quarter worth approximately $42,000. PNC Financial Services Group Inc. boosted its stake in shares of BlackRock Multi-Sector Income Trust by 1,040.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,700 shares of the investment management company’s stock worth $81,000 after acquiring an additional 5,200 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of BlackRock Multi-Sector Income Trust in the third quarter valued at $83,000. Comerica Bank acquired a new position in BlackRock Multi-Sector Income Trust during the third quarter worth about $115,000. Finally, Kestra Advisory Services LLC purchased a new stake in BlackRock Multi-Sector Income Trust in the 3rd quarter valued at approximately $150,000.

BlackRock Multi-Sector Income Trust Price Performance

Shares of BlackRock Multi-Sector Income Trust stock traded down $0.09 during mid-day trading on Wednesday, hitting $15.58. 139,780 shares of the stock were exchanged, compared to its average volume of 91,418. The company has a 50-day simple moving average of $15.52 and a 200 day simple moving average of $15.01. BlackRock Multi-Sector Income Trust has a twelve month low of $13.65 and a twelve month high of $15.98.

BlackRock Multi-Sector Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a $0.124 dividend. This represents a $1.49 annualized dividend and a dividend yield of 9.55%. The ex-dividend date is Friday, April 12th.

BlackRock Multi-Sector Income Trust Company Profile

(Free Report)

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.

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

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