BlackRock Credit Allocation Income Trust (NYSE:BTZ) Stake Raised by Guggenheim Capital LLC

Guggenheim Capital LLC increased its holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 18.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,440,215 shares of the investment management company’s stock after purchasing an additional 225,179 shares during the quarter. Guggenheim Capital LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $15,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Capital Investment Advisors LLC grew its stake in shares of BlackRock Credit Allocation Income Trust by 5.3% in the fourth quarter. Capital Investment Advisors LLC now owns 1,004,445 shares of the investment management company’s stock worth $10,506,000 after purchasing an additional 50,134 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in BlackRock Credit Allocation Income Trust during the 4th quarter valued at about $162,000. Affiance Financial LLC raised its position in shares of BlackRock Credit Allocation Income Trust by 100.0% during the 4th quarter. Affiance Financial LLC now owns 20,000 shares of the investment management company’s stock worth $209,000 after buying an additional 10,000 shares in the last quarter. Ibex Wealth Advisors acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the 4th quarter worth approximately $1,226,000. Finally, Elm3 Financial Group LLC bought a new position in shares of BlackRock Credit Allocation Income Trust in the fourth quarter valued at approximately $130,000.

BlackRock Credit Allocation Income Trust Price Performance

Shares of NYSE:BTZ opened at $10.15 on Wednesday. BlackRock Credit Allocation Income Trust has a 12 month low of $9.54 and a 12 month high of $11.30. The stock’s 50 day moving average price is $10.59 and its 200 day moving average price is $10.74.

BlackRock Credit Allocation Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.0839 dividend. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.92%. The ex-dividend date of this dividend is Tuesday, April 15th.

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.