Wolverine Asset Management LLC Boosts Holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Wolverine Asset Management LLC lifted its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 189.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,175 shares of the investment management company’s stock after purchasing an additional 38,759 shares during the period. Wolverine Asset Management LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $611,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Park Avenue Securities LLC lifted its position in shares of BlackRock Credit Allocation Income Trust by 4.3% in the 3rd quarter. Park Avenue Securities LLC now owns 27,308 shares of the investment management company’s stock worth $264,000 after purchasing an additional 1,122 shares during the period. Pinnacle Wealth Planning Services Inc. increased its stake in shares of BlackRock Credit Allocation Income Trust by 6.6% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 19,614 shares of the investment management company’s stock worth $190,000 after acquiring an additional 1,209 shares in the last quarter. LPL Financial LLC boosted its stake in BlackRock Credit Allocation Income Trust by 0.4% during the third quarter. LPL Financial LLC now owns 569,365 shares of the investment management company’s stock worth $5,511,000 after acquiring an additional 2,005 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in BlackRock Credit Allocation Income Trust by 18.5% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 16,000 shares of the investment management company’s stock worth $165,000 after acquiring an additional 2,500 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in BlackRock Credit Allocation Income Trust during the fourth quarter worth about $30,000.

BlackRock Credit Allocation Income Trust Price Performance

NYSE:BTZ opened at $10.09 on Friday. BlackRock Credit Allocation Income Trust has a one year low of $9.10 and a one year high of $11.13. The company’s 50-day simple moving average is $10.58 and its 200 day simple moving average is $10.30.

BlackRock Credit Allocation Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a dividend of $0.084 per share. This represents a $1.01 annualized dividend and a yield of 9.99%. The ex-dividend date of this dividend is Friday, April 12th.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor's Corporation.