Kingdom Financial Group LLC. Takes $172,000 Position in BlackRock Credit Allocation Income Trust $BTZ

Kingdom Financial Group LLC. acquired a new stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,745 shares of the investment management company’s stock, valued at approximately $172,000.

Several other hedge funds also recently added to or reduced their stakes in BTZ. Sit Investment Associates Inc. raised its position in BlackRock Credit Allocation Income Trust by 8.1% in the first quarter. Sit Investment Associates Inc. now owns 5,581,167 shares of the investment management company’s stock valued at $59,830,000 after purchasing an additional 419,791 shares during the period. Guggenheim Capital LLC grew its holdings in shares of BlackRock Credit Allocation Income Trust by 13.1% during the 1st quarter. Guggenheim Capital LLC now owns 1,629,233 shares of the investment management company’s stock worth $17,465,000 after purchasing an additional 189,018 shares during the period. Raymond James Financial Inc. increased its position in shares of BlackRock Credit Allocation Income Trust by 0.8% during the 1st quarter. Raymond James Financial Inc. now owns 1,366,269 shares of the investment management company’s stock worth $14,646,000 after purchasing an additional 11,395 shares during the last quarter. LPL Financial LLC raised its holdings in BlackRock Credit Allocation Income Trust by 22.5% in the 1st quarter. LPL Financial LLC now owns 953,632 shares of the investment management company’s stock valued at $10,223,000 after buying an additional 175,452 shares during the period. Finally, Royal Bank of Canada raised its holdings in BlackRock Credit Allocation Income Trust by 1.4% in the 1st quarter. Royal Bank of Canada now owns 889,121 shares of the investment management company’s stock valued at $9,531,000 after buying an additional 12,607 shares during the period.

BlackRock Credit Allocation Income Trust Price Performance

NYSE BTZ opened at $10.85 on Wednesday. The firm’s 50-day moving average is $11.05 and its two-hundred day moving average is $10.91. 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 Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be given a dividend of $0.0839 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%.

BlackRock Credit Allocation Income Trust Profile

BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor's Corporation.