First Foundation Advisors Increases Holdings in Blackrock Multi-Sector Income Trust (BIT)

First Foundation Advisors raised its position in Blackrock Multi-Sector Income Trust (NYSE:BIT) by 2.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 177,688 shares of the investment management company’s stock after acquiring an additional 3,592 shares during the period. First Foundation Advisors’ holdings in Blackrock Multi-Sector Income Trust were worth $3,006,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. SMH Capital Advisors Inc. purchased a new position in shares of Blackrock Multi-Sector Income Trust during the third quarter valued at approximately $173,000. Alpha Cubed Investments LLC purchased a new position in shares of Blackrock Multi-Sector Income Trust during the third quarter valued at approximately $191,000. Janney Montgomery Scott LLC purchased a new position in shares of Blackrock Multi-Sector Income Trust during the third quarter valued at approximately $193,000. First Allied Advisory Services Inc. boosted its position in shares of Blackrock Multi-Sector Income Trust by 56.8% during the second quarter. First Allied Advisory Services Inc. now owns 16,309 shares of the investment management company’s stock valued at $279,000 after buying an additional 5,911 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new position in shares of Blackrock Multi-Sector Income Trust during the second quarter valued at approximately $338,000.

Shares of NYSE:BIT opened at $16.05 on Friday. Blackrock Multi-Sector Income Trust has a 12-month low of $15.97 and a 12-month high of $18.37.

The business also recently announced a monthly dividend, which was paid on Friday, November 30th. Investors of record on Thursday, November 15th were given a dividend of $0.117 per share. The ex-dividend date was Wednesday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 8.75%.

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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.

Further Reading: Penny Stocks, What You Need To Know

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Institutional Ownership by Quarter for Blackrock Multi-Sector Income Trust (NYSE:BIT)

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