BlackRock Credit Allocation Income Trust $BTZ Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 14.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,117,805 shares of the investment management company’s stock after selling 368,600 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $23,126,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BTZ. Ameritas Advisory Services LLC acquired a new stake in BlackRock Credit Allocation Income Trust in the 2nd quarter worth about $76,000. WPG Advisers LLC purchased a new position in BlackRock Credit Allocation Income Trust in the 1st quarter worth approximately $79,000. PNC Financial Services Group Inc. lifted its stake in BlackRock Credit Allocation Income Trust by 112.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,371 shares of the investment management company’s stock worth $100,000 after purchasing an additional 4,964 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in BlackRock Credit Allocation Income Trust in the 1st quarter worth approximately $103,000. Finally, Park Edge Advisors LLC purchased a new position in BlackRock Credit Allocation Income Trust in the 2nd quarter worth approximately $120,000.

BlackRock Credit Allocation Income Trust Price Performance

BTZ opened at $11.03 on Friday. The company’s 50 day simple moving average is $11.03 and its two-hundred day simple moving average is $10.78. BlackRock Credit Allocation Income Trust has a 1-year low of $9.54 and a 1-year high of $11.18.

BlackRock Credit Allocation Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be paid a $0.0839 dividend. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date of this dividend is Wednesday, October 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.