SMH Capital Advisors Inc. Sells 1,402 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

SMH Capital Advisors Inc. trimmed its position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 5.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 22,466 shares of the investment management company’s stock after selling 1,402 shares during the period. SMH Capital Advisors Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $253,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its stake in shares of BlackRock Credit Allocation Income Trust by 138.6% during the first quarter. Advisors Asset Management Inc. now owns 287,659 shares of the investment management company’s stock valued at $3,075,000 after purchasing an additional 167,093 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in BlackRock Credit Allocation Income Trust during the 1st quarter worth approximately $128,000. Cetera Advisors LLC bought a new stake in BlackRock Credit Allocation Income Trust during the 1st quarter worth approximately $146,000. Capital Investment Advisors LLC increased its position in BlackRock Credit Allocation Income Trust by 5.2% in the 2nd quarter. Capital Investment Advisors LLC now owns 907,187 shares of the investment management company’s stock valued at $9,716,000 after acquiring an additional 44,997 shares during the period. Finally, Atticus Wealth Management LLC raised its stake in shares of BlackRock Credit Allocation Income Trust by 196.4% during the second quarter. Atticus Wealth Management LLC now owns 2,964 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,964 shares during the last quarter.

BlackRock Credit Allocation Income Trust Price Performance

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.73 on Wednesday. BlackRock Credit Allocation Income Trust has a twelve month low of $9.75 and a twelve month high of $11.30. The company’s fifty day moving average is $11.01 and its 200 day moving average is $10.82.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.0839 dividend. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. The ex-dividend date is Friday, November 15th. This represents a $1.01 annualized dividend and a dividend yield of 9.38%.

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.