Janney Montgomery Scott LLC Makes New Investment in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Janney Montgomery Scott LLC purchased a new position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,454 shares of the investment management company’s stock, valued at approximately $162,000.

Several other large investors have also recently made changes to their positions in the business. Capital Investment Advisors LLC increased its stake in shares of BlackRock Credit Allocation Income Trust by 5.3% in the fourth quarter. Capital Investment Advisors LLC now owns 1,004,445 shares of the investment management company’s stock worth $10,506,000 after buying an additional 50,134 shares during the period. Pin Oak Investment Advisors Inc. boosted its holdings in BlackRock Credit Allocation Income Trust by 25.7% in the third quarter. Pin Oak Investment Advisors Inc. now owns 59,583 shares of the investment management company’s stock valued at $672,000 after acquiring an additional 12,165 shares in the last quarter. Private Trust Co. NA boosted its holdings in BlackRock Credit Allocation Income Trust by 10,004.8% in the third quarter. Private Trust Co. NA now owns 75,180 shares of the investment management company’s stock valued at $848,000 after acquiring an additional 74,436 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its holdings in BlackRock Credit Allocation Income Trust by 25.6% in the third quarter. Horizon Kinetics Asset Management LLC now owns 51,023 shares of the investment management company’s stock valued at $576,000 after acquiring an additional 10,389 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in BlackRock Credit Allocation Income Trust by 0.8% in the third quarter. Advisors Asset Management Inc. now owns 382,831 shares of the investment management company’s stock valued at $4,318,000 after acquiring an additional 3,160 shares in the last quarter.

BlackRock Credit Allocation Income Trust Trading Up 0.3 %

NYSE:BTZ opened at $10.84 on Friday. BlackRock Credit Allocation Income Trust has a twelve month low of $9.92 and a twelve month high of $11.30. The firm’s fifty day simple moving average is $10.68 and its 200 day simple moving average is $10.87.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.0839 per share. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.29%. The ex-dividend date is Friday, February 14th. This is a boost 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.