BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Bought by Private Trust Co. NA

Private Trust Co. NA grew its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 60.7% in the fourth quarter, HoldingsChannel reports. The fund owned 120,820 shares of the investment management company’s stock after buying an additional 45,640 shares during the period. Private Trust Co. NA’s holdings in BlackRock Credit Allocation Income Trust were worth $1,264,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in BTZ. Ibex Wealth Advisors acquired a new position in BlackRock Credit Allocation Income Trust during the 4th quarter worth $1,226,000. Arcus Capital Partners LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter valued at $1,022,000. Capital Investment Advisors LLC lifted its holdings in shares of BlackRock Credit Allocation Income Trust by 5.3% in the fourth quarter. Capital Investment Advisors LLC now owns 1,004,445 shares of the investment management company’s stock valued at $10,506,000 after buying an additional 50,134 shares during the period. Mezzasalma Advisors LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter valued at $358,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter valued at $279,000.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.85 on Friday. The business has a fifty day simple moving average of $10.66 and a 200-day simple moving average of $10.87. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.92 and a fifty-two week high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.0839 per share. The ex-dividend date was Friday, February 14th. This is a positive change from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.28%.

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.