Corient Private Wealth LLC Acquires Shares of 78,006 BlackRock Credit Allocation Income Trust $BTZ

Corient Private Wealth LLC acquired a new position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 78,006 shares of the investment management company’s stock, valued at approximately $845,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. EP Wealth Advisors LLC bought a new position in shares of BlackRock Credit Allocation Income Trust during the 4th quarter valued at approximately $501,000. Millennium Management LLC bought a new stake in BlackRock Credit Allocation Income Trust in the fourth quarter worth $136,000. Evolve Private Wealth LLC bought a new stake in BlackRock Credit Allocation Income Trust in the fourth quarter worth $122,000. Guggenheim Capital LLC boosted its stake in BlackRock Credit Allocation Income Trust by 4.3% during the fourth quarter. Guggenheim Capital LLC now owns 1,989,430 shares of the investment management company’s stock worth $21,546,000 after buying an additional 82,506 shares during the period. Finally, Cetera Investment Advisers boosted its stake in BlackRock Credit Allocation Income Trust by 18.4% during the fourth quarter. Cetera Investment Advisers now owns 209,031 shares of the investment management company’s stock worth $2,264,000 after buying an additional 32,482 shares during the period.

BlackRock Credit Allocation Income Trust Trading Down 0.1%

BTZ stock opened at $10.24 on Friday. BlackRock Credit Allocation Income Trust has a twelve month low of $9.70 and a twelve month high of $11.18. The firm’s fifty 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 company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.0839 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%.

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.