Virtu Financial LLC Takes $141,000 Position in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Virtu Financial LLC purchased a new position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 13,448 shares of the investment management company’s stock, valued at approximately $141,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Kentucky Trust Co acquired a new position in BlackRock Credit Allocation Income Trust in the fourth quarter valued at approximately $28,000. Argentarii LLC bought a new position in shares of BlackRock Credit Allocation Income Trust in the 4th quarter worth $108,000. Noble Wealth Management PBC acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the fourth quarter worth $110,000. Elm3 Financial Group LLC bought a new stake in BlackRock Credit Allocation Income Trust in the fourth quarter valued at about $130,000. Finally, Miller Financial Services LLC acquired a new position in BlackRock Credit Allocation Income Trust in the fourth quarter valued at about $136,000.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of BTZ opened at $10.67 on Monday. The stock’s 50-day moving average price is $10.73 and its two-hundred day moving average price is $10.82. BlackRock Credit Allocation Income Trust has a 1 year low of $9.92 and a 1 year high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.01 dividend on an annualized basis and a yield of 9.44%. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

BlackRock Credit Allocation Income Trust Company 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.