Janney Montgomery Scott LLC Takes $162,000 Position in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Janney Montgomery Scott LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,454 shares of the investment management company’s stock, valued at approximately $162,000.

Several other large investors have also recently modified their holdings of the stock. Capital Investment Advisors LLC raised its position in shares of BlackRock Credit Allocation Income Trust by 5.3% in the 4th quarter. Capital Investment Advisors LLC now owns 1,004,445 shares of the investment management company’s stock worth $10,506,000 after purchasing an additional 50,134 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its position in shares of BlackRock Credit Allocation Income Trust by 25.7% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 59,583 shares of the investment management company’s stock worth $672,000 after purchasing an additional 12,165 shares during the last quarter. Private Trust Co. NA raised its position in shares of BlackRock Credit Allocation Income Trust by 10,004.8% in the 3rd quarter. Private Trust Co. NA now owns 75,180 shares of the investment management company’s stock worth $848,000 after purchasing an additional 74,436 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its position in shares of BlackRock Credit Allocation Income Trust by 25.6% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 51,023 shares of the investment management company’s stock worth $576,000 after purchasing an additional 10,389 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of BlackRock Credit Allocation Income Trust by 0.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 382,831 shares of the investment management company’s stock worth $4,318,000 after purchasing an additional 3,160 shares during the last quarter.

BlackRock Credit Allocation Income Trust Price Performance

Shares of NYSE:BTZ opened at $10.84 on Friday. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.92 and a fifty-two week high of $11.30. The business has a 50-day simple moving average of $10.68 and a two-hundred day simple moving average of $10.87.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th 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. The ex-dividend date is Friday, February 14th. This represents a $1.01 dividend on an annualized basis and a yield of 9.29%.

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.