Advisors Asset Management Inc. Acquires 3,160 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Advisors Asset Management Inc. lifted its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 382,831 shares of the investment management company’s stock after acquiring an additional 3,160 shares during the quarter. Advisors Asset Management Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $4,318,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BTZ. International Assets Investment Management LLC lifted its holdings in BlackRock Credit Allocation Income Trust by 1,018.1% in the third quarter. International Assets Investment Management LLC now owns 382,636 shares of the investment management company’s stock worth $43,160,000 after buying an additional 348,414 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of BlackRock Credit Allocation Income Trust by 3.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,948,185 shares of the investment management company’s stock valued at $42,285,000 after purchasing an additional 140,726 shares during the period. Capital Investment Advisors LLC lifted its stake in shares of BlackRock Credit Allocation Income Trust by 5.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 954,311 shares of the investment management company’s stock valued at $10,765,000 after purchasing an additional 47,124 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in BlackRock Credit Allocation Income Trust by 4.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 961,789 shares of the investment management company’s stock worth $10,301,000 after purchasing an additional 41,322 shares during the period. Finally, Choreo LLC purchased a new position in BlackRock Credit Allocation Income Trust during the second quarter valued at $403,000.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of BTZ stock opened at $10.86 on Friday. BlackRock Credit Allocation Income Trust has a 12 month low of $9.88 and a 12 month high of $11.30. The company’s fifty day moving average price is $11.00 and its 200-day moving average price is $10.82.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.0839 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.01 annualized dividend and a yield of 9.27%. This is a positive change from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

BlackRock Credit Allocation Income Trust Company 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.