BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZFree Report) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,584 shares of the investment management company’s stock after selling 5,076 shares during the period. D.A. Davidson & CO.’s holdings in BlackRock Credit Allocation Income Trust were worth $1,099,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BTZ. Captrust Financial Advisors acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the second quarter valued at $30,000. Money Concepts Capital Corp purchased a new position in shares of BlackRock Credit Allocation Income Trust during the fourth quarter worth about $36,000. Cullen Frost Bankers Inc. acquired a new stake in BlackRock Credit Allocation Income Trust in the second quarter valued at about $38,000. Creative Planning acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the 2nd quarter valued at approximately $105,000. Finally, Shaker Financial Services LLC purchased a new position in shares of BlackRock Credit Allocation Income Trust during the 2nd quarter worth approximately $106,000.

BlackRock Credit Allocation Income Trust Stock Performance

NYSE:BTZ opened at $10.85 on Monday. The firm’s fifty day simple moving average is $10.56 and its 200 day simple moving average is $10.07. BlackRock Credit Allocation Income Trust has a twelve month low of $9.10 and a twelve month high of $11.23.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th will be given a $0.084 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.01 annualized dividend and a dividend yield of 9.29%. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.08.

BlackRock Credit Allocation Income Trust Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding BTZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Credit Allocation Income Trust (NYSE:BTZFree Report).

Institutional Ownership by Quarter for BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Receive News & Ratings for BlackRock Credit Allocation Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Credit Allocation Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.