BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Bought by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. increased its holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 7.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,946 shares of the investment management company’s stock after buying an additional 1,570 shares during the period. Valley Brook Capital Group Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $248,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of BTZ. International Assets Investment Management LLC lifted its holdings 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 worth $43,160,000 after purchasing an additional 348,414 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of BlackRock Credit Allocation Income Trust by 138.6% during the 1st quarter. Advisors Asset Management Inc. now owns 287,659 shares of the investment management company’s stock valued at $3,075,000 after acquiring an additional 167,093 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of BlackRock Credit Allocation Income Trust by 3.7% in the 2nd 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 last quarter. Capital Investment Advisors LLC grew its holdings in shares of 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 worth $10,765,000 after acquiring an additional 47,124 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of BlackRock Credit Allocation Income Trust by 4.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 961,789 shares of the investment management company’s stock valued at $10,301,000 after purchasing an additional 41,322 shares during the last quarter.

BlackRock Credit Allocation Income Trust Trading Up 0.5 %

BTZ traded up $0.05 during trading on Thursday, reaching $10.86. The company had a trading volume of 35,036 shares, compared to its average volume of 255,490. The firm’s 50-day simple moving average is $11.04 and its 200 day simple moving average is $10.77. BlackRock Credit Allocation Income Trust has a 12-month low of $9.42 and a 12-month high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.0839 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.27%. This is a positive change 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.