BlackRock Credit Allocation Income Trust (NYSE:BTZ) Stock Crosses Below 50-Day Moving Average – Should You Sell?

BlackRock Credit Allocation Income Trust (NYSE:BTZ) shares crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $9.53 and traded as low as $9.37. BlackRock Credit Allocation Income Trust shares last traded at $9.3950, with a volume of 520,117 shares.

BlackRock Credit Allocation Income Trust Price Performance

The firm has a 50-day moving average price of $9.53 and a 200-day moving average price of $10.07.

BlackRock Credit Allocation Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a $0.0839 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.01 dividend on an annualized basis and a dividend yield of 10.7%.

Institutional Investors Weigh In On BlackRock Credit Allocation Income Trust

A number of institutional investors have recently modified their holdings of BTZ. Provenance Wealth Advisors LLC bought a new position in shares of BlackRock Credit Allocation Income Trust in the third quarter worth approximately $30,000. Fifth Third Bancorp purchased a new stake in shares of BlackRock Credit Allocation Income Trust in the 1st quarter worth $34,000. First Bank & Trust purchased a new position in shares of BlackRock Credit Allocation Income Trust during the 3rd quarter valued at about $109,000. Beacon Pointe Advisors LLC bought a new position in shares of BlackRock Credit Allocation Income Trust in the second quarter worth approximately $124,000. Finally, Northstar Financial Companies Inc. purchased a new position in shares of BlackRock Credit Allocation Income Trust in the second quarter valued at about $133,000.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a publicly traded closed-end management investment company. The trust seeks to provide current income and, secondarily, total return through a professionally managed portfolio of credit-related fixed-income investments. Its portfolio may include corporate bonds, bank loans, mortgage- and asset-backed securities, government and agency securities, preferred securities, and other debt instruments. The trust can invest across a range of credit qualities and maturities, including securities issued by companies and entities in the United States and other countries.