Capital Investment Advisors LLC Acquires 50,134 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Capital Investment Advisors LLC increased its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,004,445 shares of the investment management company’s stock after acquiring an additional 50,134 shares during the quarter. Capital Investment Advisors LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $10,506,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BTZ. Pin Oak Investment Advisors Inc. grew its holdings in BlackRock Credit Allocation Income Trust by 25.7% during the third quarter. Pin Oak Investment Advisors Inc. now owns 59,583 shares of the investment management company’s stock valued at $672,000 after purchasing an additional 12,165 shares during the period. Private Trust Co. NA increased its stake in shares of BlackRock Credit Allocation Income Trust by 10,004.8% in 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. Horizon Kinetics Asset Management LLC raised its holdings in BlackRock Credit Allocation Income Trust by 25.6% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 51,023 shares of the investment management company’s stock valued at $576,000 after acquiring an additional 10,389 shares during the period. Advisors Asset Management Inc. raised its stake in shares of BlackRock Credit Allocation Income Trust by 0.8% during the 3rd 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 during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in BlackRock Credit Allocation Income Trust by 1.3% during the 3rd 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 in the last quarter.

BlackRock Credit Allocation Income Trust Price Performance

BTZ stock remained flat at $10.47 during mid-day trading on Monday. The company’s stock had a trading volume of 115,271 shares, compared to its average volume of 224,376. The company has a 50-day moving average price of $10.76 and a two-hundred day moving average price of $10.87. BlackRock Credit Allocation Income Trust has a 1-year low of $9.92 and a 1-year high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.0839 per share. This represents a $1.01 annualized dividend and a yield of 9.62%. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, January 15th.

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.