13,378 Shares in BlackRock Credit Allocation Income Trust (NYSE:BTZ) Purchased by Independent Advisor Alliance

Independent Advisor Alliance purchased a new stake in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 13,378 shares of the investment management company’s stock, valued at approximately $140,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Kentucky Trust Co purchased a new position in shares of BlackRock Credit Allocation Income Trust during the fourth quarter valued at about $28,000. Advisors Asset Management Inc. increased its position in shares of BlackRock Credit Allocation Income Trust by 0.8% during the third quarter. Advisors Asset Management Inc. now owns 382,831 shares of the investment management company’s stock valued at $4,318,000 after buying an additional 3,160 shares during the period. Thrivent Financial for Lutherans increased its position in shares of BlackRock Credit Allocation Income Trust by 1.3% during the third quarter. Thrivent Financial for Lutherans now owns 259,111 shares of the investment management company’s stock valued at $2,922,000 after buying an additional 3,353 shares during the period. Transcend Capital Advisors LLC increased its position in shares of BlackRock Credit Allocation Income Trust by 4.6% during the fourth quarter. Transcend Capital Advisors LLC now owns 83,501 shares of the investment management company’s stock valued at $873,000 after buying an additional 3,701 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in shares of BlackRock Credit Allocation Income Trust by 27.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 20,776 shares of the investment management company’s stock valued at $217,000 after buying an additional 4,477 shares during the period.

BlackRock Credit Allocation Income Trust Trading Up 0.4 %

Shares of NYSE BTZ opened at $10.69 on Friday. The company’s 50-day moving average is $10.71 and its 200 day moving average is $10.84. BlackRock Credit Allocation Income Trust has a 1 year low of $9.92 and a 1 year high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.0839 dividend. This represents a $1.01 dividend on an annualized basis and a yield of 9.42%. The ex-dividend date is Friday, March 14th. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

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.