Sit Investment Associates Inc. raised its holdings in shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 3,715,994 shares of the investment management company’s stock after acquiring an additional 79,381 shares during the quarter. Blackrock Credit Allocation Income Trust accounts for approximately 1.2% of Sit Investment Associates Inc.’s investment portfolio, making the stock its 13th biggest position. Sit Investment Associates Inc.’s holdings in Blackrock Credit Allocation Income Trust were worth $49,497,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BTZ. JFS Wealth Advisors LLC purchased a new position in Blackrock Credit Allocation Income Trust during the third quarter valued at $136,000. Bank of New York Mellon Corp bought a new stake in Blackrock Credit Allocation Income Trust during the second quarter valued at about $156,000. Goldman Sachs Group Inc. raised its holdings in Blackrock Credit Allocation Income Trust by 26.2% during the second quarter. Goldman Sachs Group Inc. now owns 13,159 shares of the investment management company’s stock valued at $177,000 after acquiring an additional 2,731 shares during the period. NINE MASTS CAPITAL Ltd bought a new stake in Blackrock Credit Allocation Income Trust during the second quarter valued at about $180,000. Finally, Virtu KCG Holdings LLC bought a new stake in Blackrock Credit Allocation Income Trust during the second quarter valued at about $185,000.

Blackrock Credit Allocation Income Trust (NYSE:BTZ) traded down $0.01 during trading hours on Wednesday, reaching $13.27. The company’s stock had a trading volume of 246,000 shares, compared to its average volume of 520,883. Blackrock Credit Allocation Income Trust has a twelve month low of $12.59 and a twelve month high of $13.66.

The firm also recently declared a monthly dividend, which was paid on Tuesday, January 9th. Shareholders of record on Friday, December 29th were issued a dividend of $0.067 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.80 dividend on an annualized basis and a yield of 6.06%.

TRADEMARK VIOLATION WARNING: “Blackrock Credit Allocation Income Trust (BTZ) Holdings Increased by Sit Investment Associates Inc.” was reported by Daily Political and is owned by of Daily Political. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://www.dailypolitical.com/2018/01/10/blackrock-credit-allocation-income-trust-btz-holdings-increased-by-sit-investment-associates-inc.html.

About Blackrock Credit Allocation Income Trust

BlackRock Credit Allocation Income Trust (the Trust) is a non-diversified closed-end management investment company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in industries, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.

Want to see what other hedge funds are holding BTZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackrock Credit Allocation Income Trust (NYSE:BTZ).

Institutional Ownership by Quarter for Blackrock Credit Allocation Income Trust (NYSE:BTZ)

Receive News & Ratings for Blackrock Credit Allocation Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock Credit Allocation Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.