D.A. Davidson & CO. Has $2.14 Million Position in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

D.A. Davidson & CO. reduced its holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 204,390 shares of the investment management company’s stock after selling 1,211 shares during the period. D.A. Davidson & CO.’s holdings in BlackRock Credit Allocation Income Trust were worth $2,138,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BTZ. Kentucky Trust Co acquired a new position in BlackRock Credit Allocation Income Trust in the fourth quarter valued at approximately $28,000. Eastern Bank acquired a new position in BlackRock Credit Allocation Income Trust in the third quarter valued at approximately $64,000. Elm3 Financial Group LLC acquired a new position in BlackRock Credit Allocation Income Trust in the fourth quarter valued at approximately $130,000. Janney Montgomery Scott LLC bought a new stake in BlackRock Credit Allocation Income Trust in the fourth quarter valued at approximately $162,000. Finally, Affiance Financial LLC increased its stake in BlackRock Credit Allocation Income Trust by 100.0% in the fourth quarter. Affiance Financial LLC now owns 20,000 shares of the investment management company’s stock valued at $209,000 after purchasing an additional 10,000 shares in the last quarter.

BlackRock Credit Allocation Income Trust Stock Down 0.6 %

Shares of NYSE:BTZ opened at $10.74 on Friday. BlackRock Credit Allocation Income Trust has a 52 week low of $9.92 and a 52 week high of $11.30. The company has a 50 day moving average price of $10.65 and a two-hundred day moving average price of $10.87.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.0839 dividend. This represents a $1.01 annualized dividend and a yield of 9.38%. The ex-dividend date is Friday, February 14th. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

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.