Clear Creek Financial Management LLC decreased its stake in Blackrock Multi-Sector Income Trust (NYSE:BIT) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,946 shares of the investment management company’s stock after selling 712 shares during the period. Clear Creek Financial Management LLC’s holdings in Blackrock Multi-Sector Income Trust were worth $1,005,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Doyle Wealth Management acquired a new position in Blackrock Multi-Sector Income Trust during the 2nd quarter valued at about $48,000. West Oak Capital LLC raised its holdings in shares of Blackrock Multi-Sector Income Trust by 14.9% during the third quarter. West Oak Capital LLC now owns 7,700 shares of the investment management company’s stock valued at $132,000 after buying an additional 1,000 shares during the last quarter. SMH Capital Advisors Inc. acquired a new position in shares of Blackrock Multi-Sector Income Trust during the third quarter worth approximately $187,000. FNY Investment Advisers LLC acquired a new position in shares of Blackrock Multi-Sector Income Trust during the third quarter worth approximately $193,000. Finally, Oppenheimer & Co. Inc. grew its holdings in Blackrock Multi-Sector Income Trust by 13.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 16,768 shares of the investment management company’s stock worth $288,000 after buying an additional 1,990 shares in the last quarter.
In other Blackrock Multi-Sector Income Trust news, insider Hoy Michael purchased 1,557,965 shares of the stock in a transaction dated Thursday, November 7th. The shares were bought at an average cost of $0.05 per share, with a total value of $77,898.25.
BIT traded up $0.03 during trading hours on Friday, hitting $16.33. The company’s stock had a trading volume of 1,037 shares, compared to its average volume of 438,473. The company has a 50-day simple moving average of $16.56 and a 200 day simple moving average of $17.02. Blackrock Multi-Sector Income Trust has a fifty-two week low of $15.81 and a fifty-two week high of $17.67.
The firm also recently declared a monthly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.124 per share. This represents a $1.49 dividend on an annualized basis and a yield of 9.11%. The ex-dividend date was Monday, December 30th. This is a positive change from Blackrock Multi-Sector Income Trust’s previous monthly dividend of $0.12.
Blackrock Multi-Sector Income Trust Company 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.
Recommended Story: How are dividend achievers different from dividend aristocrats?
Want to see what other hedge funds are holding BIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackrock Multi-Sector Income Trust (NYSE:BIT).
Receive News & Ratings for Blackrock Multi-Sector Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock Multi-Sector Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.