BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 27.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,776 shares of the investment management company’s stock after acquiring an additional 4,477 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $217,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Kentucky Trust Co purchased a new position in shares of BlackRock Credit Allocation Income Trust during the 4th quarter worth $28,000. Elm3 Financial Group LLC purchased a new position in BlackRock Credit Allocation Income Trust during the fourth quarter worth about $130,000. Janney Montgomery Scott LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the fourth quarter valued at about $162,000. Affiance Financial LLC raised its stake in shares of BlackRock Credit Allocation Income Trust by 100.0% in the 4th quarter. Affiance Financial LLC now owns 20,000 shares of the investment management company’s stock valued at $209,000 after acquiring an additional 10,000 shares during the period. Finally, Valley Brook Capital Group Inc. raised its stake in shares of BlackRock Credit Allocation Income Trust by 7.7% in the 3rd 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 during the period.

BlackRock Credit Allocation Income Trust Stock Up 0.5 %

NYSE:BTZ opened at $10.82 on Wednesday. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.92 and a fifty-two week high of $11.30. The company has a 50 day moving average price of $10.65 and a 200 day moving average price of $10.87.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.0839 per share. This is a positive change from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. This represents a $1.01 annualized dividend and a dividend yield of 9.30%. The ex-dividend date of this dividend is Friday, February 14th.

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.