BlackRock Credit Allocation Income Trust (NYSE:BTZ) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.80 and traded as low as $9.87. BlackRock Credit Allocation Income Trust shares last traded at $9.9650, with a volume of 341,057 shares.

BlackRock Credit Allocation Income Trust Stock Up 0.2%

The stock’s fifty day moving average price is $10.51 and its two-hundred day moving average price is $10.80.

BlackRock Credit Allocation Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.0839 dividend. This represents a c) dividend on an annualized basis and a yield of 10.1%. The ex-dividend date is Monday, June 15th.

Institutional Trading of BlackRock Credit Allocation Income Trust

Institutional investors have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. grew its stake in shares of BlackRock Credit Allocation Income Trust by 8.3% during the fourth quarter. Sit Investment Associates Inc. now owns 6,430,309 shares of the investment management company’s stock valued at $69,640,000 after buying an additional 492,132 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of BlackRock Credit Allocation Income Trust by 7.3% in the 3rd quarter. Bank of America Corp DE now owns 4,904,167 shares of the investment management company’s stock valued at $54,191,000 after acquiring an additional 332,714 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of BlackRock Credit Allocation Income Trust by 4.3% in the 4th quarter. Guggenheim Capital LLC now owns 1,989,430 shares of the investment management company’s stock valued at $21,546,000 after acquiring an additional 82,506 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in BlackRock Credit Allocation Income Trust by 2.5% during the 3rd quarter. Raymond James Financial Inc. now owns 1,520,686 shares of the investment management company’s stock valued at $16,804,000 after acquiring an additional 36,757 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in BlackRock Credit Allocation Income Trust by 1,891.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,513,798 shares of the investment management company’s stock valued at $16,394,000 after acquiring an additional 1,437,794 shares during the period.

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.