Vident Investment Advisory LLC lifted its position in BlackRock Multi-Sector (NYSE:BIT) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 529,998 shares of the investment management company’s stock after buying an additional 55,699 shares during the quarter. Vident Investment Advisory LLC owned about 1.38% of BlackRock Multi-Sector worth $9,619,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its position in BlackRock Multi-Sector by 3.9% during the third quarter. Wells Fargo & Company MN now owns 820,067 shares of the investment management company’s stock worth $15,335,000 after purchasing an additional 31,087 shares during the period. Guggenheim Capital LLC boosted its position in shares of BlackRock Multi-Sector by 19.6% in the fourth quarter. Guggenheim Capital LLC now owns 257,393 shares of the investment management company’s stock valued at $4,672,000 after acquiring an additional 42,107 shares during the period. Advisors Asset Management Inc. boosted its position in shares of BlackRock Multi-Sector by 3,579.2% in the third quarter. Advisors Asset Management Inc. now owns 224,870 shares of the investment management company’s stock valued at $4,205,000 after acquiring an additional 218,758 shares during the period. First Trust Advisors LP boosted its position in shares of BlackRock Multi-Sector by 4.5% in the fourth quarter. First Trust Advisors LP now owns 83,994 shares of the investment management company’s stock valued at $1,524,000 after acquiring an additional 3,628 shares during the period. Finally, MML Investors Services LLC boosted its position in shares of BlackRock Multi-Sector by 5.4% in the fourth quarter. MML Investors Services LLC now owns 74,196 shares of the investment management company’s stock valued at $1,347,000 after acquiring an additional 3,824 shares during the period.
Shares of NYSE BIT traded down $0.12 during trading hours on Friday, reaching $16.76. The stock had a trading volume of 130,967 shares, compared to its average volume of 134,007. BlackRock Multi-Sector has a twelve month low of $16.56 and a twelve month high of $18.77.
The business also recently disclosed a monthly dividend, which will be paid on Monday, April 30th. Shareholders of record on Monday, April 16th will be paid a dividend of $0.1167 per share. The ex-dividend date is Friday, April 13th. This represents a $1.40 annualized dividend and a yield of 8.36%.
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About BlackRock Multi-Sector
BlackRock Multi-Sector Income Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in various sectors, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; it services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.
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