BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Purchased by Sit Investment Associates Inc.

Sit Investment Associates Inc. grew its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,161,376 shares of the investment management company’s stock after purchasing an additional 213,986 shares during the period. BlackRock Credit Allocation Income Trust makes up about 1.2% of Sit Investment Associates Inc.’s holdings, making the stock its 12th biggest position. Sit Investment Associates Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $53,988,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Kentucky Trust Co acquired a new position in BlackRock Credit Allocation Income Trust during the fourth quarter worth $28,000. Oarsman Capital Inc. boosted its position in shares of BlackRock Credit Allocation Income Trust by 460.8% during the 4th quarter. Oarsman Capital Inc. now owns 6,085 shares of the investment management company’s stock worth $64,000 after purchasing an additional 5,000 shares in the last quarter. Huntington National Bank grew its stake in shares of BlackRock Credit Allocation Income Trust by 458,000.0% during the 4th quarter. Huntington National Bank now owns 9,162 shares of the investment management company’s stock worth $96,000 after purchasing an additional 9,160 shares during the period. Argentarii LLC purchased a new position in shares of BlackRock Credit Allocation Income Trust in the 4th quarter valued at about $108,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter valued at about $110,000.

BlackRock Credit Allocation Income Trust Stock Down 3.9 %

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.14 on Friday. The company has a 50-day moving average of $10.73 and a two-hundred day moving average of $10.81. BlackRock Credit Allocation Income Trust has a 12-month low of $9.92 and a 12-month high of $11.30.

BlackRock Credit Allocation Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.0839 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.01 annualized dividend and a yield of 9.93%.

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.