Prevail Innovative Wealth Advisors LLC Acquires New Shares in BlackRock Credit Allocation Income Trust $BTZ

Prevail Innovative Wealth Advisors LLC acquired a new position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) in the third quarter, HoldingsChannel.com reports. The firm acquired 52,055 shares of the investment management company’s stock, valued at approximately $575,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Guggenheim Capital LLC grew its position in shares of BlackRock Credit Allocation Income Trust by 6.8% during the second quarter. Guggenheim Capital LLC now owns 1,739,889 shares of the investment management company’s stock worth $19,000,000 after acquiring an additional 110,656 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in BlackRock Credit Allocation Income Trust in the 2nd quarter valued at about $1,829,000. Cetera Investment Advisers lifted its position in BlackRock Credit Allocation Income Trust by 83.6% in the 2nd quarter. Cetera Investment Advisers now owns 163,129 shares of the investment management company’s stock valued at $1,781,000 after purchasing an additional 74,266 shares during the last quarter. Alteri Wealth LLC boosted its stake in BlackRock Credit Allocation Income Trust by 17.8% during the 2nd quarter. Alteri Wealth LLC now owns 48,216 shares of the investment management company’s stock valued at $527,000 after purchasing an additional 7,286 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its stake in BlackRock Credit Allocation Income Trust by 19.8% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 246,064 shares of the investment management company’s stock valued at $2,687,000 after purchasing an additional 40,597 shares during the period.

BlackRock Credit Allocation Income Trust Stock Performance

NYSE BTZ opened at $10.33 on Monday. The company has a 50-day moving average price of $10.68 and a two-hundred day moving average price of $10.87. BlackRock Credit Allocation Income Trust has a 52 week low of $9.54 and a 52 week high of $11.18.

BlackRock Credit Allocation Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.0839 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 9.7%.

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.