BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Sold by Stolper Co

Stolper Co cut its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ – Get Rating) by 3.5% in the fourth quarter, Holdings Channel reports. The fund owned 64,660 shares of the investment management company’s stock after selling 2,339 shares during the period. Stolper Co’s holdings in BlackRock Credit Allocation Income Trust were worth $653,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BTZ. Private Advisor Group LLC increased its stake in shares of BlackRock Credit Allocation Income Trust by 6.9% in the 1st quarter. Private Advisor Group LLC now owns 30,396 shares of the investment management company’s stock worth $382,000 after acquiring an additional 1,964 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of BlackRock Credit Allocation Income Trust by 29.0% in the 1st quarter. Baird Financial Group Inc. now owns 50,550 shares of the investment management company’s stock worth $635,000 after acquiring an additional 11,350 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of BlackRock Credit Allocation Income Trust by 19.6% in the 1st quarter. NewEdge Advisors LLC now owns 25,634 shares of the investment management company’s stock worth $322,000 after acquiring an additional 4,200 shares during the last quarter. Rivernorth Capital Management LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the 1st quarter worth about $2,867,000. Finally, Evergreen Capital Management LLC increased its position in shares of BlackRock Credit Allocation Income Trust by 51.7% during the 1st quarter. Evergreen Capital Management LLC now owns 200,892 shares of the investment management company’s stock worth $2,523,000 after purchasing an additional 68,460 shares during the last quarter.

BlackRock Credit Allocation Income Trust Stock Down 0.9 %

Shares of NYSE:BTZ traded down $0.09 during midday trading on Friday, reaching $10.08. 207,358 shares of the company’s stock were exchanged, compared to its average volume of 313,657. The firm’s 50 day simple moving average is $10.79 and its two-hundred day simple moving average is $10.44. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.27 and a fifty-two week high of $13.00.

BlackRock Credit Allocation Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be given a dividend of $0.084 per share. This represents a $1.01 dividend on an annualized basis and a dividend yield of 10.00%. The ex-dividend date of this dividend is Tuesday, March 14th.

BlackRock Credit Allocation Income Trust Company Profile

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BlackRock Credit Allocation Income Trust is a non-diversified, closed-end management investment company. Its investment objective is to provide current income, current gains and capital appreciation through investing in credit-related securities, including, but not limited to, investment grade corporate bonds, high yield bonds, bank loans, preferred securities or convertible bonds or derivatives with economic characteristics similar to these credit-related securities.