Focus Partners Wealth Acquires 40,262 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Focus Partners Wealth boosted its holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 102.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,688 shares of the investment management company’s stock after purchasing an additional 40,262 shares during the period. Focus Partners Wealth’s holdings in BlackRock Credit Allocation Income Trust were worth $834,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC raised its stake in BlackRock Credit Allocation Income Trust by 10.8% in the fourth quarter. HighTower Advisors LLC now owns 15,594 shares of the investment management company’s stock worth $163,000 after buying an additional 1,514 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in BlackRock Credit Allocation Income Trust in the fourth quarter worth approximately $162,000. LPL Financial LLC boosted its holdings in BlackRock Credit Allocation Income Trust by 43.1% in the fourth quarter. LPL Financial LLC now owns 778,180 shares of the investment management company’s stock worth $8,140,000 after purchasing an additional 234,539 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in BlackRock Credit Allocation Income Trust by 8.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,012,548 shares of the investment management company’s stock worth $10,591,000 after purchasing an additional 82,526 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in BlackRock Credit Allocation Income Trust by 26.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 53,263 shares of the investment management company’s stock worth $557,000 after acquiring an additional 11,250 shares during the period.

BlackRock Credit Allocation Income Trust Trading Down 0.2%

BTZ opened at $10.56 on Monday. BlackRock Credit Allocation Income Trust has a 1-year low of $9.54 and a 1-year high of $11.30. The firm’s 50 day simple moving average is $10.45 and its two-hundred day simple moving average is $10.64.

BlackRock Credit Allocation Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued 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 9.53%.

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.