Johnson Financial Group Inc. Purchases New Shares in BlackRock Credit Allocation Income Trust $BTZ

Johnson Financial Group Inc. purchased a new position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 53,707 shares of the investment management company’s stock, valued at approximately $549,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BTZ. Corient Private Wealth LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the fourth quarter worth about $845,000. Northwestern Mutual Wealth Management Co. lifted its position in BlackRock Credit Allocation Income Trust by 1,891.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,513,798 shares of the investment management company’s stock worth $16,394,000 after acquiring an additional 1,437,794 shares during the period. Sit Investment Associates Inc. lifted its position in BlackRock Credit Allocation Income Trust by 8.3% during the 4th quarter. Sit Investment Associates Inc. now owns 6,430,309 shares of the investment management company’s stock worth $69,640,000 after acquiring an additional 492,132 shares during the period. First Trust Advisors LP grew its stake in shares of BlackRock Credit Allocation Income Trust by 59.8% in the 1st quarter. First Trust Advisors LP now owns 209,683 shares of the investment management company’s stock valued at $2,118,000 after purchasing an additional 78,497 shares during the last quarter. Finally, Rareview Capital LLC grew its stake in shares of 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 purchasing an additional 225,471 shares during the last quarter.

BlackRock Credit Allocation Income Trust Price Performance

NYSE:BTZ opened at $10.32 on Thursday. BlackRock Credit Allocation Income Trust has a 12-month low of $9.70 and a 12-month high of $11.18. The stock’s 50 day simple moving average is $10.15 and its 200-day simple moving average is $10.25.

BlackRock Credit Allocation Income Trust Announces Dividend

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

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.