BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Bought by Sowell Financial Services LLC

Sowell Financial Services LLC grew its position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 660,122 shares of the investment management company’s stock after purchasing an additional 32,113 shares during the period. Sowell Financial Services LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $6,905,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter worth about $14,172,000. Ibex Wealth Advisors acquired a new stake in BlackRock Credit Allocation Income Trust in the fourth quarter valued at approximately $1,226,000. Arcus Capital Partners LLC purchased a new stake in shares of BlackRock Credit Allocation Income Trust during the fourth quarter valued at approximately $1,022,000. Private Trust Co. NA lifted its position in shares of BlackRock Credit Allocation Income Trust by 10,004.8% during the third quarter. Private Trust Co. NA now owns 75,180 shares of the investment management company’s stock worth $848,000 after purchasing an additional 74,436 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its stake 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 purchasing an additional 50,134 shares during the period.

BlackRock Credit Allocation Income Trust Stock Up 0.3 %

BlackRock Credit Allocation Income Trust stock opened at $10.73 on Friday. BlackRock Credit Allocation Income Trust has a 12-month low of $9.92 and a 12-month high of $11.30. The firm’s fifty day moving average price is $10.69 and its 200 day moving average price is $10.86.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.0839 per share. The ex-dividend date is Friday, March 14th. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. This represents a $1.01 annualized dividend and a yield of 9.39%.

BlackRock Credit Allocation Income Trust Company 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.