Virtu Financial LLC Buys New Holdings in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Virtu Financial LLC purchased a new position in BlackRock Multi-Sector Income Trust (NYSE:BIT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,508 shares of the investment management company’s stock, valued at approximately $358,000.

A number of other institutional investors have also added to or reduced their stakes in BIT. Geneos Wealth Management Inc. purchased a new position in shares of BlackRock Multi-Sector Income Trust in the fourth quarter worth $27,000. Spire Wealth Management bought a new stake in BlackRock Multi-Sector Income Trust in the 4th quarter valued at $146,000. Concurrent Investment Advisors LLC lifted its stake in 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 worth $178,000 after purchasing an additional 1,479 shares in the last quarter. Walkner Condon Financial Advisors LLC bought a new position in shares of BlackRock Multi-Sector Income Trust during the 4th quarter valued at about $197,000. Finally, HighTower Advisors LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust during the third quarter valued at about $241,000.

BlackRock Multi-Sector Income Trust Stock Down 0.0 %

Shares of BIT stock opened at $14.52 on Thursday. BlackRock Multi-Sector Income Trust has a 12-month low of $14.22 and a 12-month high of $15.98. The stock’s 50-day moving average price is $14.66 and its 200-day moving average price is $14.74.

BlackRock Multi-Sector Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.1237 per share. The ex-dividend date is Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 10.23%.

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.