Landscape Capital Management L.L.C. Sells 57,068 Shares of BlackRock Multi-Sector Income Trust (NYSE:BIT)

Landscape Capital Management L.L.C. decreased its position in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 50.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,860 shares of the investment management company’s stock after selling 57,068 shares during the period. Landscape Capital Management L.L.C.’s holdings in BlackRock Multi-Sector Income Trust were worth $830,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new stake in shares of BlackRock Multi-Sector Income Trust in the fourth quarter worth $27,000. Spire Wealth Management bought a new position in BlackRock Multi-Sector Income Trust in the 4th quarter worth $146,000. StoneX Group Inc. purchased a new stake in BlackRock Multi-Sector Income Trust in the 4th quarter worth $151,000. Concurrent Investment Advisors LLC raised its holdings in BlackRock Multi-Sector Income Trust by 13.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 12,190 shares of the investment management company’s stock valued at $178,000 after acquiring an additional 1,479 shares during the period. Finally, Walkner Condon Financial Advisors LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust in the fourth quarter valued at about $197,000.

BlackRock Multi-Sector Income Trust Trading Down 6.3 %

NYSE:BIT opened at $13.37 on Friday. The stock has a 50-day moving average price of $14.60 and a 200 day moving average price of $14.70. BlackRock Multi-Sector Income Trust has a 12-month low of $12.98 and a 12-month high of $15.72.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.1237 per share. This represents a $1.48 dividend on an annualized basis and a yield of 11.11%. The ex-dividend date of this dividend is Tuesday, April 15th.

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.