Advisors Asset Management Inc. Boosts Stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Advisors Asset Management Inc. increased its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 0.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 382,831 shares of the investment management company’s stock after acquiring an additional 3,160 shares during the period. Advisors Asset Management Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $4,318,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of BlackRock Credit Allocation Income Trust by 3.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,948,185 shares of the investment management company’s stock worth $42,285,000 after acquiring an additional 140,726 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of BlackRock Credit Allocation Income Trust by 4.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 961,789 shares of the investment management company’s stock valued at $10,301,000 after purchasing an additional 41,322 shares during the last quarter. Capital Investment Advisors LLC raised its position in BlackRock Credit Allocation Income Trust by 5.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 954,311 shares of the investment management company’s stock worth $10,765,000 after purchasing an additional 47,124 shares during the period. International Assets Investment Management LLC lifted its stake in BlackRock Credit Allocation Income Trust by 1,018.1% in the third quarter. International Assets Investment Management LLC now owns 382,636 shares of the investment management company’s stock worth $43,160,000 after purchasing an additional 348,414 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in BlackRock Credit Allocation Income Trust by 1.3% during the third quarter. Thrivent Financial for Lutherans now owns 259,111 shares of the investment management company’s stock valued at $2,922,000 after buying an additional 3,353 shares during the period.

BlackRock Credit Allocation Income Trust Stock Up 1.0 %

Shares of NYSE:BTZ opened at $10.86 on Friday. BlackRock Credit Allocation Income Trust has a 12-month low of $9.88 and a 12-month high of $11.30. The stock’s 50-day moving average price is $11.00 and its 200-day moving average price is $10.82.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid 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 dividend on an annualized basis and a yield of 9.27%. The ex-dividend date of this dividend is Friday, November 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.