BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Bought by Affiance Financial LLC

Affiance Financial LLC lifted its position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 100.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,000 shares of the investment management company’s stock after purchasing an additional 10,000 shares during the quarter. Affiance Financial LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $209,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in shares of BlackRock Credit Allocation Income Trust by 1,018.1% in the third quarter. International Assets Investment Management LLC now owns 382,636 shares of the investment management company’s stock worth $43,160,000 after acquiring an additional 348,414 shares during the period. Private Trust Co. NA raised its stake in shares of BlackRock Credit Allocation Income Trust by 10,004.8% during the 3rd quarter. Private Trust Co. NA now owns 75,180 shares of the investment management company’s stock valued at $848,000 after buying an additional 74,436 shares during the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of BlackRock Credit Allocation Income Trust by 5.3% in the 4th quarter. Capital Investment Advisors LLC now owns 1,004,445 shares of the investment management company’s stock valued at $10,506,000 after buying an additional 50,134 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of BlackRock Credit Allocation Income Trust in the second quarter worth about $241,000. Finally, Janney Montgomery Scott LLC acquired a new stake in BlackRock Credit Allocation Income Trust during the fourth quarter worth about $162,000.

BlackRock Credit Allocation Income Trust Stock Performance

BlackRock Credit Allocation Income Trust stock opened at $10.64 on Friday. The stock’s 50 day simple moving average is $10.69 and its two-hundred day simple moving average is $10.86. 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 Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $0.0839 dividend. 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 yield of 9.46%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.