Wolverine Asset Management LLC Sells 36,652 Shares of BlackRock Multi-Sector Income Trust (NYSE:BIT)

Wolverine Asset Management LLC cut its position in BlackRock Multi-Sector Income Trust (NYSE:BIT) by 38.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,914 shares of the investment management company’s stock after selling 36,652 shares during the quarter. Wolverine Asset Management LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $860,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Cyndeo Wealth Partners LLC raised its position in BlackRock Multi-Sector Income Trust by 28.8% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 563,880 shares of the investment management company’s stock valued at $8,233,000 after purchasing an additional 126,000 shares during the last quarter. Raymond James & Associates increased its stake in shares of BlackRock Multi-Sector Income Trust by 14.2% in the third quarter. Raymond James & Associates now owns 196,029 shares of the investment management company’s stock valued at $2,980,000 after buying an additional 24,447 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of BlackRock Multi-Sector Income Trust by 17.7% in the third quarter. Thrivent Financial for Lutherans now owns 133,182 shares of the investment management company’s stock valued at $2,024,000 after buying an additional 20,000 shares during the period. Landscape Capital Management L.L.C. increased its stake in shares of BlackRock Multi-Sector Income Trust by 91.5% in the third quarter. Landscape Capital Management L.L.C. now owns 113,928 shares of the investment management company’s stock valued at $1,732,000 after buying an additional 54,436 shares during the period. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust in the fourth quarter valued at about $1,539,000.

BlackRock Multi-Sector Income Trust Price Performance

Shares of BIT stock opened at $14.62 on Friday. The stock has a 50-day moving average of $14.62 and a 200-day moving average of $14.78. BlackRock Multi-Sector Income Trust has a 1-year low of $14.22 and a 1-year high of $15.98.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders 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 annualized dividend and a dividend 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.