BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Cross Above Fifty Day Moving Average – What’s Next?

BlackRock Credit Allocation Income Trust (NYSE:BTZ) shares passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $9.59 and traded as high as $9.72. BlackRock Credit Allocation Income Trust shares last traded at $9.6750, with a volume of 655,249 shares traded.

BlackRock Credit Allocation Income Trust Stock Performance

The stock’s 50 day moving average is $9.59 and its 200-day moving average is $10.10.

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 issued a $0.0839 dividend. The ex-dividend date is Friday, December 11th. This represents a $1.01 dividend on an annualized basis and a dividend yield of 10.4%.

Institutional Trading of BlackRock Credit Allocation Income Trust

Hedge funds have recently made changes to their positions in the business. Provenance Wealth Advisors LLC bought a new position in shares of BlackRock Credit Allocation Income Trust in the 3rd quarter valued at about $30,000. Fifth Third Bancorp purchased a new position in BlackRock Credit Allocation Income Trust in the first quarter worth about $34,000. Stephens Inc. AR purchased a new position in BlackRock Credit Allocation Income Trust in the first quarter worth about $106,000. First Bank & Trust purchased a new position in BlackRock Credit Allocation Income Trust in the third quarter worth about $109,000. Finally, Beacon Pointe Advisors LLC bought a new stake in BlackRock Credit Allocation Income Trust during the second quarter worth approximately $124,000.

About BlackRock Credit Allocation Income Trust