80,226 Shares in BlackRock Credit Allocation Income Trust $BTZ Acquired by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 80,226 shares of the investment management company’s stock, valued at approximately $886,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Comerica Bank increased its holdings in shares of BlackRock Credit Allocation Income Trust by 136.5% during the third quarter. Comerica Bank now owns 4,063 shares of the investment management company’s stock valued at $45,000 after purchasing an additional 2,345 shares during the period. Caitlin John LLC acquired a new stake in BlackRock Credit Allocation Income Trust in the third quarter worth about $59,000. Newbridge Financial Services Group Inc. acquired a new stake in BlackRock Credit Allocation Income Trust in the second quarter worth about $86,000. Equitable Holdings Inc. bought a new position in BlackRock Credit Allocation Income Trust in the 3rd quarter valued at about $113,000. Finally, Cresset Asset Management LLC bought a new position in BlackRock Credit Allocation Income Trust in the 2nd quarter valued at about $132,000.

BlackRock Credit Allocation Income Trust Price Performance

BlackRock Credit Allocation Income Trust stock opened at $10.06 on Tuesday. BlackRock Credit Allocation Income Trust has a 52 week low of $9.54 and a 52 week high of $11.18. The company’s 50-day moving average price is $10.60 and its two-hundred day moving average price is $10.84.

BlackRock Credit Allocation Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.0839 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 10.0%.

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.