Capital Investment Advisors LLC Cuts Stake in BlackRock Credit Allocation Income Trust $BTZ

Capital Investment Advisors LLC lessened its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 844,152 shares of the investment management company’s stock after selling 65,322 shares during the quarter. Capital Investment Advisors LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $9,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Stolper Co grew its position in BlackRock Credit Allocation Income Trust by 2.2% during the 4th quarter. Stolper Co now owns 82,079 shares of the investment management company’s stock valued at $889,000 after purchasing an additional 1,783 shares during the last quarter. PMG Family Office LLC purchased a new position in BlackRock Credit Allocation Income Trust in the third quarter worth about $121,000. Advisory Services Network LLC purchased a new position in BlackRock Credit Allocation Income Trust in the third quarter worth about $103,000. NewEdge Advisors LLC lifted its stake in shares of BlackRock Credit Allocation Income Trust by 3.8% in the third quarter. NewEdge Advisors LLC now owns 29,885 shares of the investment management company’s stock worth $330,000 after buying an additional 1,100 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of BlackRock Credit Allocation Income Trust in the third quarter worth approximately $292,000.

BlackRock Credit Allocation Income Trust Trading Down 1.3%

NYSE:BTZ opened at $9.73 on Friday. The company’s 50 day moving average price is $10.46 and its 200-day moving average price is $10.77. BlackRock Credit Allocation Income Trust has a 52 week low of $9.54 and a 52 week high of $11.18.

BlackRock Credit Allocation Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.0839 per share. This represents a c) annualized dividend and a yield of 10.4%. The ex-dividend date is Monday, June 15th.

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.