Advisors Asset Management Inc. Has $4.54 Million Holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Advisors Asset Management Inc. grew its position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 13.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 434,253 shares of the investment management company’s stock after purchasing an additional 51,422 shares during the period. Advisors Asset Management Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $4,542,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in BTZ. Janney Montgomery Scott LLC acquired a new position in BlackRock Credit Allocation Income Trust in the 4th quarter valued at $162,000. Wolverine Asset Management LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter valued at about $279,000. Horizon Kinetics Asset Management LLC grew its stake in shares of BlackRock Credit Allocation Income Trust by 25.6% in the third quarter. Horizon Kinetics Asset Management LLC now owns 51,023 shares of the investment management company’s stock valued at $576,000 after acquiring an additional 10,389 shares in the last quarter. Miller Financial Services LLC bought a new position in BlackRock Credit Allocation Income Trust during the fourth quarter worth about $136,000. Finally, Thrivent Financial for Lutherans raised its stake in BlackRock Credit Allocation Income Trust by 1.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 259,111 shares of the investment management company’s stock worth $2,922,000 after purchasing an additional 3,353 shares in the last quarter.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of NYSE:BTZ opened at $10.64 on Thursday. 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 $10.71 and its two-hundred day moving average price is $10.84.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.0839 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.01 dividend on an annualized basis and a yield of 9.47%. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

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.