Oppenheimer & Co. Inc. Sells 15,122 Shares of Blackrock Multi-Sector Income Trust (NYSE:BIT)

Oppenheimer & Co. Inc. decreased its position in Blackrock Multi-Sector Income Trust (NYSE:BIT) by 50.6% in the second quarter, Holdings Channel.com reports. The firm owned 14,778 shares of the investment management company’s stock after selling 15,122 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Blackrock Multi-Sector Income Trust were worth $258,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BIT. Bank of Montreal Can raised its holdings in Blackrock Multi-Sector Income Trust by 10.2% in the first quarter. Bank of Montreal Can now owns 183,000 shares of the investment management company’s stock worth $3,036,000 after purchasing an additional 17,000 shares in the last quarter. Cetera Advisor Networks LLC bought a new position in shares of Blackrock Multi-Sector Income Trust during the first quarter valued at $357,000. Mid Atlantic Financial Management Inc. ADV increased its holdings in shares of Blackrock Multi-Sector Income Trust by 25.8% during the first quarter. Mid Atlantic Financial Management Inc. ADV now owns 40,910 shares of the investment management company’s stock valued at $679,000 after acquiring an additional 8,400 shares in the last quarter. Magnus Financial Group LLC increased its holdings in shares of Blackrock Multi-Sector Income Trust by 5.8% during the first quarter. Magnus Financial Group LLC now owns 42,968 shares of the investment management company’s stock valued at $713,000 after acquiring an additional 2,357 shares in the last quarter. Finally, Family Management Corp bought a new position in shares of Blackrock Multi-Sector Income Trust during the first quarter valued at $572,000.

Shares of NYSE:BIT traded down $0.12 on Friday, hitting $17.14. 853 shares of the company traded hands, compared to its average volume of 116,926. Blackrock Multi-Sector Income Trust has a 52 week low of $14.79 and a 52 week high of $17.67. The stock has a 50 day simple moving average of $17.15 and a 200-day simple moving average of $17.00.



The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.117 per share. The ex-dividend date is Friday, September 13th. This represents a $1.40 annualized dividend and a dividend yield of 8.19%.

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.

Featured Story: How are institutional investors different from individual investors?

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).

Institutional Ownership by Quarter 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.