Horizon Kinetics Asset Management LLC Boosts Stock Holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Horizon Kinetics Asset Management LLC lifted its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 25.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,023 shares of the investment management company’s stock after buying an additional 10,389 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $576,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BTZ. International Assets Investment Management LLC raised its holdings in BlackRock Credit Allocation Income Trust by 1,018.1% during the 3rd quarter. International Assets Investment Management LLC now owns 382,636 shares of the investment management company’s stock valued at $43,160,000 after acquiring an additional 348,414 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in BlackRock Credit Allocation Income Trust by 3.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,948,185 shares of the investment management company’s stock worth $42,285,000 after purchasing an additional 140,726 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in BlackRock Credit Allocation Income Trust by 5.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 954,311 shares of the investment management company’s stock worth $10,765,000 after purchasing an additional 47,124 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in BlackRock Credit Allocation Income Trust by 4.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 961,789 shares of the investment management company’s stock worth $10,301,000 after purchasing an additional 41,322 shares during the period. Finally, Choreo LLC purchased a new position in BlackRock Credit Allocation Income Trust during the 2nd quarter valued at about $403,000.

BlackRock Credit Allocation Income Trust Stock Performance

BTZ stock opened at $10.89 on Tuesday. The firm has a 50 day moving average of $10.99 and a 200-day moving average of $10.83. BlackRock Credit Allocation Income Trust has a 12 month low of $9.90 and a 12 month high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.0839 dividend. This represents a $1.01 annualized dividend and a yield of 9.25%. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock Credit Allocation Income Trust 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.