Elequin Capital LP Invests $184,000 in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Elequin Capital LP bought a new position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,613 shares of the investment management company’s stock, valued at approximately $184,000.

Several other hedge funds have also recently bought and sold shares of BTZ. Sit Investment Associates Inc. grew its stake in BlackRock Credit Allocation Income Trust by 4.3% during the fourth quarter. Sit Investment Associates Inc. now owns 5,161,376 shares of the investment management company’s stock worth $53,988,000 after buying an additional 213,986 shares during the period. Bank of America Corp DE lifted its holdings in shares of BlackRock Credit Allocation Income Trust by 9.3% during the 4th quarter. Bank of America Corp DE now owns 3,619,300 shares of the investment management company’s stock valued at $37,858,000 after acquiring an additional 309,291 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of BlackRock Credit Allocation Income Trust by 18.5% during the 4th quarter. Guggenheim Capital LLC now owns 1,440,215 shares of the investment management company’s stock valued at $15,065,000 after acquiring an additional 225,179 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in BlackRock Credit Allocation Income Trust during the 4th quarter worth $14,172,000. Finally, Invesco Ltd. increased its holdings in BlackRock Credit Allocation Income Trust by 1.7% in the 4th quarter. Invesco Ltd. now owns 1,303,897 shares of the investment management company’s stock valued at $13,639,000 after purchasing an additional 22,395 shares in the last quarter.

BlackRock Credit Allocation Income Trust Price Performance

NYSE:BTZ opened at $10.55 on Wednesday. The business’s 50-day moving average is $10.45 and its two-hundred day moving average is $10.64. BlackRock Credit Allocation Income Trust has a 12 month low of $9.54 and a 12 month high of $11.30.

BlackRock Credit Allocation Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a dividend of $0.0839 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.01 annualized dividend and a dividend yield of 9.54%.

BlackRock Credit Allocation Income Trust 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.