Thrivent Financial for Lutherans Decreases Stock Holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Thrivent Financial for Lutherans trimmed its position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 237,111 shares of the investment management company’s stock after selling 22,000 shares during the period. Thrivent Financial for Lutherans’ holdings in BlackRock Credit Allocation Income Trust were worth $2,480,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in BlackRock Credit Allocation Income Trust during the 4th quarter valued at approximately $14,172,000. Ibex Wealth Advisors purchased a new position in shares of BlackRock Credit Allocation Income Trust during the fourth quarter valued at approximately $1,226,000. Arcus Capital Partners LLC bought a new position in shares of BlackRock Credit Allocation Income Trust during the fourth quarter valued at approximately $1,022,000. Capital Investment Advisors LLC raised its holdings in shares of BlackRock Credit Allocation Income Trust by 5.3% during the fourth quarter. Capital Investment Advisors LLC now owns 1,004,445 shares of the investment management company’s stock valued at $10,506,000 after acquiring an additional 50,134 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in BlackRock Credit Allocation Income Trust by 60.7% in the fourth quarter. Private Trust Co. NA now owns 120,820 shares of the investment management company’s stock worth $1,264,000 after acquiring an additional 45,640 shares during the period.

BlackRock Credit Allocation Income Trust Price Performance

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.65 on Friday. BlackRock Credit Allocation Income Trust has a 12-month low of $9.92 and a 12-month high of $11.30. The company’s fifty day simple moving average is $10.73 and its two-hundred day simple moving average is $10.83.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.0839 per share. The ex-dividend date is Friday, March 14th. This represents a $1.01 annualized dividend and a dividend yield of 9.46%. 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.