Huntington National Bank Buys 9,160 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Huntington National Bank increased its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 458,000.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,162 shares of the investment management company’s stock after purchasing an additional 9,160 shares during the quarter. Huntington National Bank’s holdings in BlackRock Credit Allocation Income Trust were worth $96,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BTZ. Raymond James Financial Inc. acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter worth $14,172,000. LPL Financial LLC raised its holdings in BlackRock Credit Allocation Income Trust by 43.1% in the 4th quarter. LPL Financial LLC now owns 778,180 shares of the investment management company’s stock worth $8,140,000 after acquiring an additional 234,539 shares during the period. Ibex Wealth Advisors acquired a new position in BlackRock Credit Allocation Income Trust during the 4th quarter worth $1,226,000. Arcus Capital Partners LLC bought a new stake in BlackRock Credit Allocation Income Trust during the fourth quarter valued at about $1,022,000. Finally, StoneX Group Inc. acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter valued at about $678,000.

BlackRock Credit Allocation Income Trust Price Performance

NYSE BTZ opened at $10.14 on Monday. The stock has a 50-day simple moving average of $10.73 and a 200 day simple moving average of $10.80. BlackRock Credit Allocation Income Trust has a twelve month low of $9.92 and a twelve month high of $11.30.

BlackRock Credit Allocation Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $0.0839 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.01 annualized dividend and a dividend yield of 9.93%.

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.