Bank of Montreal Can Boosts Position in Blackrock Multi-Sector Income Trust (BIT)

Bank of Montreal Can boosted its stake in Blackrock Multi-Sector Income Trust (NYSE:BIT) by 10.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 183,000 shares of the investment management company’s stock after purchasing an additional 17,000 shares during the period. Bank of Montreal Can’s holdings in Blackrock Multi-Sector Income Trust were worth $3,036,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Lindbrook Capital LLC acquired a new position in shares of Blackrock Multi-Sector Income Trust in the fourth quarter worth $25,000. Ellis Investment Partners LLC acquired a new position in shares of Blackrock Multi-Sector Income Trust in the first quarter worth $33,000. Doyle Wealth Management acquired a new position in shares of Blackrock Multi-Sector Income Trust in the fourth quarter worth $40,000. West Oak Capital LLC grew its stake in shares of Blackrock Multi-Sector Income Trust by 291.7% in the first quarter. West Oak Capital LLC now owns 4,700 shares of the investment management company’s stock worth $78,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Enterprise Financial Services Corp acquired a new position in shares of Blackrock Multi-Sector Income Trust in the first quarter worth $100,000.

NYSE:BIT opened at $16.81 on Thursday. Blackrock Multi-Sector Income Trust has a 52 week low of $14.79 and a 52 week high of $17.75.

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a $0.1167 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.40 annualized dividend and a dividend yield of 8.33%.

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Blackrock Multi-Sector Income Trust 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.

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

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