Semus Wealth Partners LLC Sells 1,369 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Semus Wealth Partners LLC reduced its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,482 shares of the investment management company’s stock after selling 1,369 shares during the quarter. Semus Wealth Partners LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $131,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Kentucky Trust Co acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the 4th quarter valued at about $28,000. Eastern Bank bought a new position in shares of BlackRock Credit Allocation Income Trust during the third quarter worth about $64,000. Elm3 Financial Group LLC bought a new position in shares of BlackRock Credit Allocation Income Trust during the fourth quarter worth about $130,000. Janney Montgomery Scott LLC acquired a new stake in BlackRock Credit Allocation Income Trust in the 4th quarter valued at approximately $162,000. Finally, Affiance Financial LLC lifted its stake in BlackRock Credit Allocation Income Trust by 100.0% in the 4th quarter. Affiance Financial LLC now owns 20,000 shares of the investment management company’s stock valued at $209,000 after acquiring an additional 10,000 shares in the last quarter.

BlackRock Credit Allocation Income Trust Stock Down 0.0 %

Shares of BTZ opened at $10.78 on Wednesday. BlackRock Credit Allocation Income Trust has a twelve month low of $9.92 and a twelve month high of $11.30. The company has a 50 day moving average of $10.66 and a 200-day moving average of $10.87.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.0839 per share. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. The ex-dividend date is Friday, February 14th. This represents a $1.01 annualized dividend and a yield of 9.34%.

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.