BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,832 shares of the investment management company’s stock after selling 1,529 shares during the period. Truist Financial Corp’s holdings in BlackRock Credit Allocation Income Trust were worth $291,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Ibex Wealth Advisors acquired a new stake in BlackRock Credit Allocation Income Trust in the fourth quarter worth about $1,226,000. Arcus Capital Partners LLC acquired a new stake in BlackRock Credit Allocation Income Trust during the 4th quarter worth about $1,022,000. Private Trust Co. NA raised its stake in shares of BlackRock Credit Allocation Income Trust by 10,004.8% during the 3rd quarter. Private Trust Co. NA now owns 75,180 shares of the investment management company’s stock valued at $848,000 after buying an additional 74,436 shares during the last quarter. Capital Investment Advisors LLC grew its holdings in BlackRock Credit Allocation Income Trust by 5.3% during 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 acquiring an additional 50,134 shares during the period. Finally, Mezzasalma Advisors LLC purchased a new position in BlackRock Credit Allocation Income Trust in the fourth quarter valued at $358,000.

BlackRock Credit Allocation Income Trust Trading Down 0.7 %

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.70 on Thursday. The firm has a 50-day simple moving average of $10.68 and a two-hundred day simple moving average of $10.87. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.92 and a fifty-two week high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.0839 per share. The ex-dividend date is Friday, March 14th. This represents a $1.01 dividend on an annualized basis and a yield of 9.41%. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

BlackRock Credit Allocation Income Trust 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.