Allspring Global Investments Holdings LLC Has $6.23 Million Stock Position in BlackRock Credit Allocation Income Trust $BTZ

Allspring Global Investments Holdings LLC lifted its stake in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 36.8% during the first quarter, HoldingsChannel reports. The firm owned 617,201 shares of the investment management company’s stock after acquiring an additional 165,959 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $6,234,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BTZ. Ibex Wealth Advisors increased its holdings in BlackRock Credit Allocation Income Trust by 0.9% during the first quarter. Ibex Wealth Advisors now owns 108,640 shares of the investment management company’s stock worth $1,097,000 after buying an additional 992 shares during the last quarter. NewEdge Advisors LLC lifted its stake in 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 valued at $330,000 after acquiring an additional 1,100 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in BlackRock Credit Allocation Income Trust by 4.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 27,600 shares of the investment management company’s stock valued at $299,000 after acquiring an additional 1,102 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its stake in BlackRock Credit Allocation Income Trust by 1.7% in the fourth quarter. Elevation Point Wealth Partners LLC now owns 81,558 shares of the investment management company’s stock valued at $883,000 after acquiring an additional 1,332 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of BlackRock Credit Allocation Income Trust by 2.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 77,614 shares of the investment management company’s stock valued at $841,000 after acquiring an additional 1,610 shares during the period.

BlackRock Credit Allocation Income Trust Stock Performance

BlackRock Credit Allocation Income Trust stock opened at $9.97 on Friday. The company’s 50-day moving average is $10.14 and its 200-day moving average is $10.33. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.70 and a fifty-two week high of $11.18.

BlackRock Credit Allocation Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0839 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 10.1%.

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.