Stolper Co Grows Position in BlackRock Credit Allocation Income Trust $BTZ

Stolper Co boosted its holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 6.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,493 shares of the investment management company’s stock after purchasing an additional 4,944 shares during the period. Stolper Co’s holdings in BlackRock Credit Allocation Income Trust were worth $879,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sit Investment Associates Inc. grew its holdings in BlackRock Credit Allocation Income Trust by 8.1% during the 1st quarter. Sit Investment Associates Inc. now owns 5,581,167 shares of the investment management company’s stock valued at $59,830,000 after buying an additional 419,791 shares in the last quarter. Smith Asset Management Co. LLC purchased a new stake in BlackRock Credit Allocation Income Trust in the first quarter worth $3,193,000. Guggenheim Capital LLC increased its position in BlackRock Credit Allocation Income Trust by 13.1% during the 1st quarter. Guggenheim Capital LLC now owns 1,629,233 shares of the investment management company’s stock valued at $17,465,000 after buying an additional 189,018 shares in the last quarter. LPL Financial LLC increased its stake in BlackRock Credit Allocation Income Trust by 22.5% during the 1st quarter. LPL Financial LLC now owns 953,632 shares of the investment management company’s stock valued at $10,223,000 after purchasing an additional 175,452 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC purchased a new position in shares of BlackRock Credit Allocation Income Trust in the fourth quarter worth $591,000.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of BlackRock Credit Allocation Income Trust stock opened at $11.06 on Friday. BlackRock Credit Allocation Income Trust has a twelve month low of $9.54 and a twelve month high of $11.30. The company’s 50 day moving average is $11.00 and its 200 day moving average is $10.73.

BlackRock Credit Allocation Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.0839 dividend. The ex-dividend date is Monday, September 15th. This represents a c) annualized dividend and a yield of 9.1%.

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.