Physician Wealth Advisors Inc. Trims Stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Physician Wealth Advisors Inc. lowered its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 19.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,845 shares of the investment management company’s stock after selling 2,839 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $132,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new position in shares of BlackRock Credit Allocation Income Trust during the 2nd quarter worth $241,000. Creekside Partners purchased a new position in shares of BlackRock Credit Allocation Income Trust during the 2nd quarter worth $156,000. Thrivent Financial for Lutherans lifted its stake in shares of BlackRock Credit Allocation Income Trust by 2.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 255,758 shares of the investment management company’s stock worth $2,739,000 after purchasing an additional 7,000 shares during the period. Stolper Co lifted its stake in shares of BlackRock Credit Allocation Income Trust by 1.7% during the 2nd quarter. Stolper Co now owns 75,246 shares of the investment management company’s stock worth $806,000 after purchasing an additional 1,281 shares during the period. Finally, Choreo LLC purchased a new position in shares of BlackRock Credit Allocation Income Trust during the 2nd quarter worth $403,000.

BlackRock Credit Allocation Income Trust Price Performance

Shares of BlackRock Credit Allocation Income Trust stock opened at $11.07 on Friday. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.10 and a fifty-two week high of $11.30. The business’s fifty day moving average is $11.08 and its two-hundred day moving average is $10.73.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a $0.0839 dividend. This is a positive change from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. This represents a $1.01 annualized dividend and a dividend yield of 9.09%. The ex-dividend date of this dividend is Tuesday, October 15th.

BlackRock Credit Allocation Income Trust Profile

BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor's Corporation.