Capital Investment Advisors LLC Has $11.14 Million Stake in Blackrock Credit Allocation Income Trust (NYSE:BTZ)

Capital Investment Advisors LLC boosted its position in Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 2.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 817,586 shares of the investment management company’s stock after purchasing an additional 17,688 shares during the period. Capital Investment Advisors LLC’s holdings in Blackrock Credit Allocation Income Trust were worth $11,136,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. raised its holdings in shares of Blackrock Credit Allocation Income Trust by 2.8% during the second quarter. Johnson Financial Group Inc. now owns 583,558 shares of the investment management company’s stock valued at $7,569,000 after purchasing an additional 15,710 shares during the period. Wiley BROS. Aintree Capital LLC acquired a new position in shares of Blackrock Credit Allocation Income Trust during the second quarter valued at about $638,000. Janus Henderson Group PLC acquired a new position in shares of Blackrock Credit Allocation Income Trust during the second quarter valued at about $1,209,000. Wells Fargo & Company MN raised its holdings in shares of Blackrock Credit Allocation Income Trust by 1.5% during the second quarter. Wells Fargo & Company MN now owns 16,537,143 shares of the investment management company’s stock valued at $214,487,000 after purchasing an additional 242,519 shares during the period. Finally, Uncommon Cents Investing LLC raised its holdings in shares of Blackrock Credit Allocation Income Trust by 4.4% during the second quarter. Uncommon Cents Investing LLC now owns 32,570 shares of the investment management company’s stock valued at $422,000 after purchasing an additional 1,380 shares during the period.

Shares of NYSE BTZ opened at $13.49 on Friday. The firm’s 50-day moving average price is $13.59 and its 200-day moving average price is $13.14. Blackrock Credit Allocation Income Trust has a 1-year low of $11.06 and a 1-year high of $13.91.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.084 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.01 annualized dividend and a dividend yield of 7.47%. This is a positive change from Blackrock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

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.

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Institutional Ownership by Quarter for Blackrock Credit Allocation Income Trust (NYSE:BTZ)

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