Landscape Capital Management L.L.C. Increases Position in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Landscape Capital Management L.L.C. increased its stake in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 91.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,928 shares of the investment management company’s stock after buying an additional 54,436 shares during the period. Landscape Capital Management L.L.C.’s holdings in BlackRock Multi-Sector Income Trust were worth $1,732,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Atria Wealth Solutions Inc. boosted its holdings in shares of BlackRock Multi-Sector Income Trust by 11.4% in the second quarter. Atria Wealth Solutions Inc. now owns 78,203 shares of the investment management company’s stock worth $1,140,000 after acquiring an additional 8,011 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of BlackRock Multi-Sector Income Trust by 10.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 120,937 shares of the investment management company’s stock worth $1,763,000 after purchasing an additional 11,605 shares during the last quarter. Verus Capital Partners LLC purchased a new stake in shares of BlackRock Multi-Sector Income Trust during the 2nd quarter valued at $219,000. Wolverine Asset Management LLC bought a new stake in BlackRock Multi-Sector Income Trust during the second quarter worth about $791,000. Finally, Private Advisor Group LLC boosted its stake in BlackRock Multi-Sector Income Trust by 11.5% in the second quarter. Private Advisor Group LLC now owns 90,760 shares of the investment management company’s stock worth $1,323,000 after buying an additional 9,341 shares in the last quarter.

BlackRock Multi-Sector Income Trust Price Performance

BlackRock Multi-Sector Income Trust stock opened at $14.56 on Friday. BlackRock Multi-Sector Income Trust has a 12 month low of $14.39 and a 12 month high of $15.98. The stock has a fifty day simple moving average of $14.91 and a two-hundred day simple moving average of $14.85.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.1237 per share. This represents a $1.48 annualized dividend and a dividend yield of 10.20%. The ex-dividend date is Friday, November 15th.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded shares of BlackRock Multi-Sector Income Trust to a “hold” rating in a report on Thursday, July 25th.

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.