12,400 Shares in BlackRock Credit Allocation Income Trust (NYSE:BTZ) Acquired by Elm3 Financial Group LLC

Elm3 Financial Group LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 12,400 shares of the investment management company’s stock, valued at approximately $130,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Valley Brook Capital Group Inc. grew its stake in BlackRock Credit Allocation Income Trust by 7.7% during the third quarter. Valley Brook Capital Group Inc. now owns 21,946 shares of the investment management company’s stock valued at $248,000 after acquiring an additional 1,570 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of BlackRock Credit Allocation Income Trust by 0.8% during the third quarter. Advisors Asset Management Inc. now owns 382,831 shares of the investment management company’s stock valued at $4,318,000 after purchasing an additional 3,160 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of BlackRock Credit Allocation Income Trust by 1.3% in the third quarter. Thrivent Financial for Lutherans now owns 259,111 shares of the investment management company’s stock worth $2,922,000 after purchasing an additional 3,353 shares during the last quarter. Eastern Bank purchased a new stake in shares of BlackRock Credit Allocation Income Trust in the third quarter worth about $64,000. Finally, Affiance Financial LLC grew its holdings in BlackRock Credit Allocation Income Trust by 100.0% during the 4th quarter. Affiance Financial LLC now owns 20,000 shares of the investment management company’s stock valued at $209,000 after buying an additional 10,000 shares in the last quarter.

BlackRock Credit Allocation Income Trust Stock Up 0.5 %

NYSE:BTZ opened at $10.91 on Thursday. BlackRock Credit Allocation Income Trust has a 1 year low of $9.92 and a 1 year high of $11.30. The stock’s 50 day simple moving average is $10.69 and its two-hundred day simple moving average is $10.86.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.0839 dividend. This represents a $1.01 annualized dividend and a yield of 9.23%. The ex-dividend date is Friday, February 14th. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

About BlackRock Credit Allocation Income Trust

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.