Edgemoor Investment Advisors Inc. Decreases Stock Position in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Edgemoor Investment Advisors Inc. lowered its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 273,243 shares of the investment management company’s stock after selling 7,779 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $2,858,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Kentucky Trust Co purchased a new position in shares of BlackRock Credit Allocation Income Trust in the fourth quarter worth about $28,000. Argentarii LLC purchased a new position in shares of BlackRock Credit Allocation Income Trust in the fourth quarter worth about $108,000. Noble Wealth Management PBC purchased a new position in shares of BlackRock Credit Allocation Income Trust in the fourth quarter worth about $110,000. Elm3 Financial Group LLC purchased a new position in shares of BlackRock Credit Allocation Income Trust in the fourth quarter worth about $130,000. Finally, Miller Financial Services LLC purchased a new position in shares of BlackRock Credit Allocation Income Trust in the fourth quarter worth about $136,000.

BlackRock Credit Allocation Income Trust Trading Down 0.2 %

BTZ opened at $10.57 on Monday. BlackRock Credit Allocation Income Trust has a 12 month low of $9.92 and a 12 month high of $11.30. The business’s 50-day moving average price is $10.71 and its 200-day moving average price is $10.85.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.0839 per share. This represents a $1.01 dividend on an annualized basis and a yield of 9.53%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

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.