First Trust Advisors LP Acquires 78,497 Shares of BlackRock Credit Allocation Income Trust $BTZ

First Trust Advisors LP boosted its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 59.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 209,683 shares of the investment management company’s stock after buying an additional 78,497 shares during the quarter. First Trust Advisors LP’s holdings in BlackRock Credit Allocation Income Trust were worth $2,118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of BlackRock Credit Allocation Income Trust by 1,891.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,513,798 shares of the investment management company’s stock valued at $16,394,000 after buying an additional 1,437,794 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of BlackRock Credit Allocation Income Trust by 19.4% during the 2nd quarter. Bank of America Corp DE now owns 4,571,453 shares of the investment management company’s stock worth $49,920,000 after acquiring an additional 742,650 shares during the last quarter. Sit Investment Associates Inc. raised its stake in BlackRock Credit Allocation Income Trust by 8.3% in the 4th quarter. Sit Investment Associates Inc. now owns 6,430,309 shares of the investment management company’s stock valued at $69,640,000 after acquiring an additional 492,132 shares during the period. Emissary Wealth LLC bought a new stake in BlackRock Credit Allocation Income Trust in the 4th quarter valued at $2,863,000. Finally, Rareview Capital LLC raised its stake in BlackRock Credit Allocation Income Trust by 158.3% in the 1st quarter. Rareview Capital LLC now owns 367,912 shares of the investment management company’s stock valued at $4,018,000 after acquiring an additional 225,471 shares during the period.

BlackRock Credit Allocation Income Trust Stock Up 0.8%

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.23 on Friday. The business has a fifty day simple moving average of $10.13 and a two-hundred day simple moving average of $10.27. BlackRock Credit Allocation Income Trust has a 1 year low of $9.70 and a 1 year high of $11.18.

BlackRock Credit Allocation Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.0839 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 9.8%.

BlackRock Credit Allocation Income Trust 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.