BlackRock Credit Allocation Income Trust (BTZ) To Go Ex-Dividend on August 14th

BlackRock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Friday, June 5th. Investors of record on Friday, August 14th will be given a dividend of 0.0839 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend is Friday, August 14th.

BlackRock Credit Allocation Income Trust Stock Down 0.0%

Shares of NYSE:BTZ opened at $10.26 on Wednesday. The business has a 50-day moving average of $10.13 and a two-hundred day moving average of $10.27. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.70 and a fifty-two week high of $11.18.

Institutional Investors Weigh In On BlackRock Credit Allocation Income Trust

A number of hedge funds have recently bought and sold shares of BTZ. Sit Investment Associates Inc. boosted its position in shares of BlackRock Credit Allocation Income Trust by 8.3% in the fourth quarter. Sit Investment Associates Inc. now owns 6,430,309 shares of the investment management company’s stock valued at $69,640,000 after acquiring an additional 492,132 shares during the period. Bank of America Corp DE lifted its stake in shares of BlackRock Credit Allocation Income Trust by 7.3% in the third quarter. Bank of America Corp DE now owns 4,904,167 shares of the investment management company’s stock valued at $54,191,000 after buying an additional 332,714 shares during the period. Guggenheim Capital LLC grew its position in BlackRock Credit Allocation Income Trust by 4.3% during the fourth quarter. Guggenheim Capital LLC now owns 1,989,430 shares of the investment management company’s stock worth $21,546,000 after buying an additional 82,506 shares in the last quarter. Raymond James Financial Inc. grew its position in BlackRock Credit Allocation Income Trust by 2.5% during the third quarter. Raymond James Financial Inc. now owns 1,520,686 shares of the investment management company’s stock worth $16,804,000 after buying an additional 36,757 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in BlackRock Credit Allocation Income Trust by 1,891.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,513,798 shares of the investment management company’s stock valued at $16,394,000 after acquiring an additional 1,437,794 shares during the period.

BlackRock Credit Allocation Income Trust Company 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.