Ellis Investment Partners LLC Sells 1,176 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Ellis Investment Partners LLC cut its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,076 shares of the investment management company’s stock after selling 1,176 shares during the quarter. Ellis Investment Partners LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $419,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BTZ. Kentucky Trust Co bought a new stake in BlackRock Credit Allocation Income Trust in the fourth quarter worth $28,000. Eastern Bank bought a new stake in BlackRock Credit Allocation Income Trust in the third quarter worth $64,000. Elm3 Financial Group LLC bought a new stake in BlackRock Credit Allocation Income Trust in the fourth quarter worth $130,000. Janney Montgomery Scott LLC bought a new stake in BlackRock Credit Allocation Income Trust in the fourth quarter worth $162,000. Finally, Affiance Financial LLC lifted its position in BlackRock Credit Allocation Income Trust by 100.0% in the fourth quarter. Affiance Financial LLC now owns 20,000 shares of the investment management company’s stock worth $209,000 after buying an additional 10,000 shares during the last quarter.

BlackRock Credit Allocation Income Trust Trading Down 0.8 %

NYSE:BTZ opened at $10.78 on Monday. BlackRock Credit Allocation Income Trust has a twelve month low of $9.92 and a twelve month high of $11.30. The stock has a fifty day simple moving average of $10.67 and a 200-day simple moving average of $10.87.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently announced 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 represents a $1.01 annualized dividend and a dividend yield of 9.34%. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. The ex-dividend date is Friday, February 14th.

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.