Geneos Wealth Management Inc. Acquires New Shares in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Geneos Wealth Management Inc. bought a new position in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) during the fourth quarter, HoldingsChannel.com reports. The firm bought 1,835 shares of the investment management company’s stock, valued at approximately $27,000.

Other large investors also recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in shares of BlackRock Multi-Sector Income Trust by 4.5% during the 2nd quarter. NewEdge Advisors LLC now owns 72,704 shares of the investment management company’s stock worth $1,060,000 after buying an additional 3,140 shares during the last quarter. Raymond James & Associates raised its position in 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 acquiring an additional 24,447 shares during the last quarter. Cyndeo Wealth Partners LLC lifted its holdings in shares of BlackRock Multi-Sector Income Trust by 21.6% in the third quarter. Cyndeo Wealth Partners LLC now owns 437,880 shares of the investment management company’s stock valued at $6,656,000 after purchasing an additional 77,672 shares in 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 approximately $1,650,000. Finally, Janney Montgomery Scott LLC grew its position 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 purchasing an additional 3,325 shares during the last quarter.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of BlackRock Multi-Sector Income Trust stock opened at $14.74 on Friday. BlackRock Multi-Sector Income Trust has a 1 year low of $14.22 and a 1 year high of $15.98. The business has a 50 day moving average price of $14.61 and a 200 day moving average price of $14.77.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were issued a $0.1237 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.07%.

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.