Enterprise Financial Services Corp Takes Position in Blackrock Multi-Sector Income Trust (NYSE:BIT)

Enterprise Financial Services Corp acquired a new position in shares of Blackrock Multi-Sector Income Trust (NYSE:BIT) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,000 shares of the investment management company’s stock, valued at approximately $100,000.

Several other hedge funds have also recently added to or reduced their stakes in BIT. Morgan Stanley increased its position in Blackrock Multi-Sector Income Trust by 4.2% during the 3rd quarter. Morgan Stanley now owns 1,415,349 shares of the investment management company’s stock valued at $23,948,000 after buying an additional 57,277 shares in the last quarter. NINE MASTS CAPITAL Ltd purchased a new stake in Blackrock Multi-Sector Income Trust during the 3rd quarter valued at about $963,000. E&G Advisors LP grew its stake in Blackrock Multi-Sector Income Trust by 3.1% during the 4th quarter. E&G Advisors LP now owns 100,100 shares of the investment management company’s stock valued at $1,538,000 after purchasing an additional 3,000 shares during the last quarter. CWM LLC grew its stake in Blackrock Multi-Sector Income Trust by 7,796.1% during the 4th quarter. CWM LLC now owns 78,961 shares of the investment management company’s stock valued at $1,213,000 after purchasing an additional 77,961 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in Blackrock Multi-Sector Income Trust during the 4th quarter valued at about $217,000.

Blackrock Multi-Sector Income Trust stock traded up $0.05 during trading hours on Wednesday, hitting $16.89. 71,865 shares of the stock traded hands, compared to its average volume of 118,925. Blackrock Multi-Sector Income Trust has a 1 year low of $14.79 and a 1 year high of $17.75.

The company 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 dividend of $0.1167 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.40 annualized dividend and a yield of 8.29%.

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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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