Capital Investment Advisors LLC Has $10.51 Million Stock Position in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Capital Investment Advisors LLC raised its holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,004,445 shares of the investment management company’s stock after purchasing an additional 50,134 shares during the period. Capital Investment Advisors LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $10,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BTZ. Eastern Bank acquired a new stake in BlackRock Credit Allocation Income Trust during the third quarter worth approximately $64,000. Creekside Partners acquired a new position in BlackRock Credit Allocation Income Trust during the second quarter worth about $156,000. Sanctuary Advisors LLC bought a new position in shares of BlackRock Credit Allocation Income Trust in the second quarter worth about $241,000. Valley Brook Capital Group Inc. grew its holdings in shares of BlackRock Credit Allocation Income Trust by 7.7% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 21,946 shares of the investment management company’s stock valued at $248,000 after purchasing an additional 1,570 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in BlackRock Credit Allocation Income Trust by 7.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 32,989 shares of the investment management company’s stock worth $353,000 after purchasing an additional 2,200 shares in the last quarter.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of NYSE BTZ remained flat at $10.47 during midday trading on Monday. 115,271 shares of the company’s stock were exchanged, compared to its average volume of 224,376. BlackRock Credit Allocation Income Trust has a 12-month low of $9.92 and a 12-month high of $11.30. The company’s 50 day moving average price is $10.76 and its 200-day moving average price is $10.87.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $0.0839 dividend. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. This represents a $1.01 annualized dividend and a yield of 9.62%. The ex-dividend date is Wednesday, January 15th.

BlackRock Credit Allocation Income Trust Company 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.