SMH Capital Advisors Inc. Sells 2,518 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

SMH Capital Advisors Inc. lessened its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 9.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,868 shares of the investment management company’s stock after selling 2,518 shares during the quarter. SMH Capital Advisors Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $256,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BTZ. Wells Fargo & Company MN boosted its holdings in 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 during the period. D.A. Davidson & CO. raised its position in shares of BlackRock Credit Allocation Income Trust by 109.8% in the 4th quarter. D.A. Davidson & CO. now owns 238,257 shares of the investment management company’s stock worth $2,459,000 after acquiring an additional 124,673 shares in the last quarter. Parallel Advisors LLC purchased a new stake in BlackRock Credit Allocation Income Trust in the fourth quarter valued at about $57,000. 1607 Capital Partners LLC raised its stake in BlackRock Credit Allocation Income Trust by 14.5% in 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 during the last quarter. Finally, Accuvest Global Advisors purchased a new stake in BlackRock Credit Allocation Income Trust in the fourth quarter valued at about $328,000.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of NYSE:BTZ opened at $11.17 on Thursday. BlackRock Credit Allocation Income Trust has a 52-week low of $9.10 and a 52-week high of $11.21. The business has a 50-day moving average price of $10.91 and a 200-day moving average price of $10.67.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.0839 per share. This represents a $1.01 annualized dividend and a yield of 9.01%. This is a positive change from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. The ex-dividend date is Tuesday, 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.