Private Trust Co. NA Has $848,000 Stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Private Trust Co. NA lifted its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 10,004.8% in the third quarter, HoldingsChannel.com reports. The firm owned 75,180 shares of the investment management company’s stock after purchasing an additional 74,436 shares during the quarter. Private Trust Co. NA’s holdings in BlackRock Credit Allocation Income Trust were worth $848,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Horizon Kinetics Asset Management LLC boosted its position in BlackRock Credit Allocation Income Trust by 25.6% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 51,023 shares of the investment management company’s stock valued at $576,000 after buying an additional 10,389 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in BlackRock Credit Allocation Income Trust by 0.8% in the third quarter. Advisors Asset Management Inc. now owns 382,831 shares of the investment management company’s stock valued at $4,318,000 after acquiring an additional 3,160 shares during the last quarter. Thrivent Financial for Lutherans increased its position in BlackRock Credit Allocation Income Trust by 1.3% in the third quarter. Thrivent Financial for Lutherans now owns 259,111 shares of the investment management company’s stock worth $2,922,000 after purchasing an additional 3,353 shares during the period. Fiera Capital Corp raised its holdings in BlackRock Credit Allocation Income Trust by 6.4% during the 3rd quarter. Fiera Capital Corp now owns 174,503 shares of the investment management company’s stock worth $1,968,000 after purchasing an additional 10,475 shares during the last quarter. Finally, Valley Brook Capital Group Inc. raised its holdings in BlackRock Credit Allocation Income Trust by 7.7% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 21,946 shares of the investment management company’s stock worth $248,000 after purchasing an additional 1,570 shares during the last quarter.

BlackRock Credit Allocation Income Trust Stock Up 0.2 %

Shares of NYSE BTZ opened at $10.92 on Wednesday. The firm’s 50-day moving average is $10.99 and its 200-day moving average is $10.83. BlackRock Credit Allocation Income Trust has a 1 year low of $9.90 and a 1 year high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.0839 per share. This represents a $1.01 dividend on an annualized basis and a yield of 9.22%. The ex-dividend date of this dividend is Friday, November 15th. 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.