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

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Oppenheimer & Co. Inc. trimmed its stake in Blackrock Multi-Sector Income Trust (NYSE:BIT) by 50.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,778 shares of the investment management company’s stock after selling 15,122 shares during the period. Oppenheimer & Co. Inc.’s holdings in Blackrock Multi-Sector Income Trust were worth $258,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BIT. West Oak Capital LLC boosted its stake in Blackrock Multi-Sector Income Trust by 42.6% in the second quarter. West Oak Capital LLC now owns 6,700 shares of the investment management company’s stock worth $117,000 after buying an additional 2,000 shares in the last quarter. H D Vest Advisory Services purchased a new stake in Blackrock Multi-Sector Income Trust in the second quarter worth approximately $218,000. Commonwealth Equity Services LLC boosted its stake in Blackrock Multi-Sector Income Trust by 13.7% in the second quarter. Commonwealth Equity Services LLC now owns 13,311 shares of the investment management company’s stock worth $232,000 after buying an additional 1,599 shares in the last quarter. BB&T Securities LLC boosted its stake in Blackrock Multi-Sector Income Trust by 6.7% in the second quarter. BB&T Securities LLC now owns 19,086 shares of the investment management company’s stock worth $333,000 after buying an additional 1,200 shares in the last quarter. Finally, Cetera Advisor Networks LLC purchased a new stake in Blackrock Multi-Sector Income Trust in the first quarter worth approximately $357,000.

BIT traded down $0.12 during midday trading on Friday, hitting $17.14. The stock had a trading volume of 853 shares, compared to its average volume of 116,926. The business has a fifty day moving average of $17.15 and a 200 day moving average of $17.00. Blackrock Multi-Sector Income Trust has a 1 year low of $14.79 and a 1 year high of $17.67.

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

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.

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

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