13,448 Shares in BlackRock Credit Allocation Income Trust (NYSE:BTZ) Bought by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 13,448 shares of the investment management company’s stock, valued at approximately $141,000.

A number of other institutional investors also recently modified their holdings of the company. Kentucky Trust Co bought a new position in shares of BlackRock Credit Allocation Income Trust during the fourth quarter worth about $28,000. Argentarii LLC acquired a new position in BlackRock Credit Allocation Income Trust during the 4th quarter worth approximately $108,000. Noble Wealth Management PBC bought a new position in shares of BlackRock Credit Allocation Income Trust during the 4th quarter worth approximately $110,000. Elm3 Financial Group LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter valued at approximately $130,000. Finally, Miller Financial Services LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter worth $136,000.

BlackRock Credit Allocation Income Trust Stock Up 0.1 %

BlackRock Credit Allocation Income Trust stock opened at $10.67 on Monday. BlackRock Credit Allocation Income Trust has a 1-year low of $9.92 and a 1-year high of $11.30. The company has a fifty day simple moving average of $10.73 and a 200 day simple moving average of $10.82.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.0839 dividend. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. The ex-dividend date is Friday, March 14th. This represents a $1.01 annualized dividend and a dividend yield of 9.44%.

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.