BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC lifted its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 10.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,594 shares of the investment management company’s stock after buying an additional 1,514 shares during the period. HighTower Advisors LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $163,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in BlackRock Credit Allocation Income Trust during the 4th quarter worth $14,172,000. Ibex Wealth Advisors bought a new stake in shares of BlackRock Credit Allocation Income Trust during the fourth quarter valued at about $1,226,000. Arcus Capital Partners LLC acquired a new stake in BlackRock Credit Allocation Income Trust in the fourth quarter worth about $1,022,000. Capital Investment Advisors LLC lifted its holdings in 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 purchasing an additional 50,134 shares during the period. Finally, Private Trust Co. NA grew its position in BlackRock Credit Allocation Income Trust by 60.7% in the 4th quarter. Private Trust Co. NA now owns 120,820 shares of the investment management company’s stock valued at $1,264,000 after buying an additional 45,640 shares in the last quarter.

BlackRock Credit Allocation Income Trust Stock Performance

BTZ stock opened at $10.14 on Friday. The firm’s 50-day moving average is $10.73 and its two-hundred day moving average is $10.81. BlackRock Credit Allocation Income Trust has a 52 week low of $9.92 and a 52 week high of $11.30.

BlackRock Credit Allocation Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.0839 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.01 annualized dividend and a yield of 9.93%.

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.