Cyndeo Wealth Partners LLC Has $8.23 Million Stock Holdings in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Cyndeo Wealth Partners LLC lifted its stake in BlackRock Multi-Sector Income Trust (NYSE:BIT) by 28.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 563,880 shares of the investment management company’s stock after buying an additional 126,000 shares during the period. Cyndeo Wealth Partners LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $8,233,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. grew its position in BlackRock Multi-Sector Income Trust by 45.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 205,703 shares of the investment management company’s stock worth $2,999,000 after acquiring an additional 63,811 shares during the last quarter. NewEdge Advisors LLC boosted its stake in BlackRock Multi-Sector Income Trust by 4.5% in the second quarter. NewEdge Advisors LLC now owns 72,704 shares of the investment management company’s stock worth $1,060,000 after purchasing an additional 3,140 shares in the last quarter. Raymond James & Associates grew its holdings in shares of BlackRock Multi-Sector Income Trust by 14.2% during the third quarter. Raymond James & Associates now owns 196,029 shares of the investment management company’s stock worth $2,980,000 after purchasing an additional 24,447 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust in the third quarter valued at $1,650,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of BlackRock Multi-Sector Income Trust by 6.1% in the third quarter. Janney Montgomery Scott LLC now owns 57,678 shares of the investment management company’s stock valued at $877,000 after buying an additional 3,325 shares during the last quarter.

BlackRock Multi-Sector Income Trust Trading Down 0.5 %

Shares of NYSE BIT opened at $14.66 on Friday. BlackRock Multi-Sector Income Trust has a 12-month low of $14.22 and a 12-month high of $15.98. The firm’s 50-day simple moving average is $14.61 and its 200 day simple moving average is $14.77.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.1237 dividend. This represents a $1.48 annualized dividend and a yield of 10.12%. The ex-dividend date is Wednesday, January 15th.

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.