Capital Investment Advisors LLC Sells 64,660 Shares of BlackRock Credit Allocation Income Trust $BTZ

Capital Investment Advisors LLC reduced its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 6.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 909,474 shares of the investment management company’s stock after selling 64,660 shares during the period. Capital Investment Advisors LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $10,050,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Shaker Financial Services LLC raised its holdings in BlackRock Credit Allocation Income Trust by 83.3% in the 3rd quarter. Shaker Financial Services LLC now owns 33,000 shares of the investment management company’s stock valued at $365,000 after acquiring an additional 15,000 shares in the last quarter. World Investment Advisors bought a new position in shares of BlackRock Credit Allocation Income Trust in the third quarter worth $398,000. Private Trust Co. NA increased its position in shares of BlackRock Credit Allocation Income Trust by 12.5% in the third quarter. Private Trust Co. NA now owns 134,849 shares of the investment management company’s stock worth $1,490,000 after purchasing an additional 15,000 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in BlackRock Credit Allocation Income Trust in the second quarter valued at about $86,000. Finally, Bank of America Corp DE lifted its position in BlackRock Credit Allocation Income Trust by 19.4% during the second quarter. Bank of America Corp DE now owns 4,571,453 shares of the investment management company’s stock worth $49,920,000 after purchasing an additional 742,650 shares during the period.

BlackRock Credit Allocation Income Trust Price Performance

BTZ stock opened at $10.74 on Friday. The company’s 50-day moving average price is $10.87 and its two-hundred day moving average price is $10.96. BlackRock Credit Allocation Income Trust has a 12 month low of $9.54 and a 12 month high of $11.18.

BlackRock Credit Allocation Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.0839 per share. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date is Friday, March 13th.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.