Capital Investment Advisors LLC Sells 64,660 Shares of BlackRock Credit Allocation Income Trust $BTZ

Capital Investment Advisors LLC decreased its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 6.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 909,474 shares of the investment management company’s stock after selling 64,660 shares during the quarter. Capital Investment Advisors LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $10,050,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in shares of BlackRock Credit Allocation Income Trust by 1.4% during the first quarter. Royal Bank of Canada now owns 889,121 shares of the investment management company’s stock worth $9,531,000 after buying an additional 12,607 shares during the last quarter. Jane Street Group LLC grew its position in BlackRock Credit Allocation Income Trust by 56.9% during the 1st quarter. Jane Street Group LLC now owns 17,799 shares of the investment management company’s stock worth $191,000 after acquiring an additional 6,455 shares during the last quarter. Geneos Wealth Management Inc. grew its position in BlackRock Credit Allocation Income Trust by 6,411.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 15,628 shares of the investment management company’s stock worth $168,000 after acquiring an additional 15,388 shares during the last quarter. Park Edge Advisors LLC acquired a new position in BlackRock Credit Allocation Income Trust in the 2nd quarter worth about $120,000. Finally, Stolper Co raised its position in BlackRock Credit Allocation Income Trust by 6.5% in the second quarter. Stolper Co now owns 80,493 shares of the investment management company’s stock valued at $879,000 after purchasing an additional 4,944 shares during the last quarter.

BlackRock Credit Allocation Income Trust Price Performance

Shares of BTZ stock opened at $10.74 on Friday. The business’s 50-day moving average price is $10.87 and its 200-day moving average price is $10.96. BlackRock Credit Allocation Income Trust has a 12 month low of $9.54 and a 12 month high of $11.18.

BlackRock Credit Allocation Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.0839 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 9.4%.

BlackRock Credit Allocation Income Trust Profile

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.