BlackRock Credit Allocation Income Trust (NYSE:BTZ) to Issue $0.08 Monthly Dividend

BlackRock Credit Allocation Income Trust (NYSE:BTZ) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, March 13th will be given a dividend of 0.0839 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 9.8%. The ex-dividend date is Friday, March 13th.

BlackRock Credit Allocation Income Trust Trading Down 0.8%

Shares of NYSE BTZ traded down $0.09 during midday trading on Wednesday, reaching $10.25. 133,768 shares of the stock were exchanged, compared to its average volume of 300,855. The business has a 50-day simple moving average of $10.66 and a two-hundred day simple moving average of $10.86. BlackRock Credit Allocation Income Trust has a 12 month low of $9.54 and a 12 month high of $11.18.

Institutional Trading of BlackRock Credit Allocation Income Trust

Several hedge funds have recently added to or reduced their stakes in the business. Guggenheim Capital LLC increased its holdings in shares of BlackRock Credit Allocation Income Trust by 6.8% in the second quarter. Guggenheim Capital LLC now owns 1,739,889 shares of the investment management company’s stock worth $19,000,000 after acquiring an additional 110,656 shares in the last quarter. Cary Street Partners Financial LLC lifted its holdings in shares of BlackRock Credit Allocation Income Trust by 38.6% during the 3rd quarter. Cary Street Partners Financial LLC now owns 232,149 shares of the investment management company’s stock valued at $2,565,000 after purchasing an additional 64,647 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of BlackRock Credit Allocation Income Trust by 83.6% during the 2nd quarter. Cetera Investment Advisers now owns 163,129 shares of the investment management company’s stock valued at $1,781,000 after purchasing an additional 74,266 shares in the last quarter. Alteri Wealth LLC grew its position in shares of BlackRock Credit Allocation Income Trust by 17.8% in the 2nd quarter. Alteri Wealth LLC now owns 48,216 shares of the investment management company’s stock valued at $527,000 after purchasing an additional 7,286 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its position in shares of BlackRock Credit Allocation Income Trust by 19.8% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 246,064 shares of the investment management company’s stock valued at $2,687,000 after purchasing an additional 40,597 shares during the period.

About BlackRock Credit Allocation Income Trust

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.