Oarsman Capital Inc. Grows Holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Oarsman Capital Inc. grew its position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 460.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,085 shares of the investment management company’s stock after acquiring an additional 5,000 shares during the period. Oarsman Capital Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $64,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BTZ. Raymond James Financial Inc. purchased a new stake in BlackRock Credit Allocation Income Trust in the 4th quarter worth $14,172,000. LPL Financial LLC increased its stake in shares of BlackRock Credit Allocation Income Trust by 43.1% during the fourth quarter. LPL Financial LLC now owns 778,180 shares of the investment management company’s stock worth $8,140,000 after purchasing an additional 234,539 shares in the last quarter. Ibex Wealth Advisors acquired a new position in shares of BlackRock Credit Allocation Income Trust during the 4th quarter worth about $1,226,000. Arcus Capital Partners LLC purchased a new position in BlackRock Credit Allocation Income Trust in the 4th quarter valued at about $1,022,000. Finally, Wells Fargo & Company MN boosted its holdings in BlackRock Credit Allocation Income Trust by 8.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,012,548 shares of the investment management company’s stock worth $10,591,000 after buying an additional 82,526 shares during the last quarter.

BlackRock Credit Allocation Income Trust Price Performance

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.14 on Monday. The business has a 50 day simple moving average of $10.73 and a two-hundred day simple moving average of $10.80. 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 Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $0.0839 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.01 dividend on an annualized basis 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.