Corient Private Wealth LLC Purchases New Position in BlackRock Credit Allocation Income Trust $BTZ

Corient Private Wealth LLC purchased a new position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 78,006 shares of the investment management company’s stock, valued at approximately $845,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of BlackRock Credit Allocation Income Trust by 1,891.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,513,798 shares of the investment management company’s stock worth $16,394,000 after acquiring an additional 1,437,794 shares in the last quarter. Bank of America Corp DE lifted its position in BlackRock Credit Allocation Income Trust by 19.4% during the 2nd quarter. Bank of America Corp DE now owns 4,571,453 shares of the investment management company’s stock valued at $49,920,000 after acquiring an additional 742,650 shares during the period. Sit Investment Associates Inc. boosted its stake in 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 worth $69,640,000 after acquiring an additional 492,132 shares in the last quarter. Emissary Wealth LLC bought a new stake in BlackRock Credit Allocation Income Trust during the fourth quarter worth about $2,863,000. Finally, Raymond James Financial Inc. boosted its stake in BlackRock Credit Allocation Income Trust by 8.6% during the second quarter. Raymond James Financial Inc. now owns 1,483,929 shares of the investment management company’s stock worth $16,205,000 after acquiring an additional 117,660 shares in the last quarter.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of BTZ opened at $10.24 on Friday. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.70 and a fifty-two week high of $11.18. The firm’s 50-day simple moving average is $10.17 and its two-hundred day simple moving average is $10.39.

BlackRock Credit Allocation Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.0839 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend is Tuesday, September 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.