Choreo LLC Invests $403,000 in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Choreo LLC bought a new position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 37,784 shares of the investment management company’s stock, valued at approximately $403,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BTZ. Wells Fargo & Company MN raised its position in shares of BlackRock Credit Allocation Income Trust by 4.5% during the 4th quarter. Wells Fargo & Company MN now owns 742,247 shares of the investment management company’s stock valued at $7,660,000 after acquiring an additional 31,813 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of BlackRock Credit Allocation Income Trust by 109.8% in the fourth quarter. D.A. Davidson & CO. now owns 238,257 shares of the investment management company’s stock worth $2,459,000 after purchasing an additional 124,673 shares in the last quarter. Parallel Advisors LLC bought a new position in BlackRock Credit Allocation Income Trust during the fourth quarter valued at about $57,000. 1607 Capital Partners LLC boosted its stake in BlackRock Credit Allocation Income Trust by 14.5% during the fourth quarter. 1607 Capital Partners LLC now owns 562,466 shares of the investment management company’s stock valued at $5,805,000 after buying an additional 71,100 shares in the last quarter. Finally, Accuvest Global Advisors bought a new position in BlackRock Credit Allocation Income Trust during the fourth quarter valued at about $328,000.

BlackRock Credit Allocation Income Trust Stock Up 0.1 %

Shares of NYSE BTZ opened at $11.08 on Tuesday. BlackRock Credit Allocation Income Trust has a 12 month low of $9.10 and a 12 month high of $11.16. The business has a fifty day simple moving average of $10.89 and a 200-day simple moving average of $10.66.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a $0.0839 dividend. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. This represents a $1.01 annualized dividend and a yield of 9.09%. The ex-dividend date of this dividend is Tuesday, October 15th.

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.