Catalina Capital Group LLC Lowers Holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Catalina Capital Group LLC lowered its holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 4.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,105 shares of the investment management company’s stock after selling 1,109 shares during the period. Catalina Capital Group LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $272,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BTZ. Allspring Global Investments Holdings LLC increased its position in shares of BlackRock Credit Allocation Income Trust by 3.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 3,948,185 shares of the investment management company’s stock worth $42,285,000 after acquiring an additional 140,726 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in BlackRock Credit Allocation Income Trust by 4.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 961,789 shares of the investment management company’s stock worth $10,301,000 after purchasing an additional 41,322 shares during the period. Capital Investment Advisors LLC raised its position in BlackRock Credit Allocation Income Trust by 5.2% in the 3rd quarter. Capital Investment Advisors LLC now owns 954,311 shares of the investment management company’s stock valued at $10,765,000 after purchasing an additional 47,124 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of BlackRock Credit Allocation Income Trust by 1,018.1% in the 3rd quarter. International Assets Investment Management LLC now owns 382,636 shares of the investment management company’s stock valued at $43,160,000 after buying an additional 348,414 shares during the period. Finally, Advisors Asset Management Inc. grew its position 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 worth $3,075,000 after buying an additional 167,093 shares in the last quarter.

BlackRock Credit Allocation Income Trust Stock Performance

BTZ stock opened at $10.81 on Thursday. The company’s 50 day moving average price is $11.04 and its 200 day moving average price is $10.77. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.42 and a fifty-two week high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.0839 per share. The ex-dividend date is Friday, November 15th. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.31%. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

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.