First Trust Advisors LP Acquires New Position in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

First Trust Advisors LP acquired a new position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 54,339 shares of the investment management company’s stock, valued at approximately $568,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kentucky Trust Co acquired a new position in shares of BlackRock Credit Allocation Income Trust during the 4th quarter valued at about $28,000. Oarsman Capital Inc. grew its stake in shares of BlackRock Credit Allocation Income Trust by 460.8% in the 4th quarter. Oarsman Capital Inc. now owns 6,085 shares of the investment management company’s stock valued at $64,000 after buying an additional 5,000 shares during the period. Huntington National Bank increased its holdings in shares of BlackRock Credit Allocation Income Trust by 458,000.0% during the 4th quarter. Huntington National Bank now owns 9,162 shares of the investment management company’s stock worth $96,000 after buying an additional 9,160 shares during the last quarter. Argentarii LLC purchased a new stake in shares of BlackRock Credit Allocation Income Trust during the 4th quarter valued at approximately $108,000. Finally, Noble Wealth Management PBC acquired a new position in BlackRock Credit Allocation Income Trust in the fourth quarter valued at approximately $110,000.

BlackRock Credit Allocation Income Trust Trading Up 0.9 %

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.62 on Friday. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.54 and a fifty-two week high of $11.30. The stock has a 50 day moving average of $10.46 and a 200 day moving average of $10.65.

BlackRock Credit Allocation Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a $0.0839 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.01 dividend on an annualized basis and a yield of 9.48%.

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.