BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Cross Below Two Hundred Day Moving Average of $10.30

BlackRock Credit Allocation Income Trust (NYSE:BTZ)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.30 and traded as low as $10.06. BlackRock Credit Allocation Income Trust shares last traded at $10.09, with a volume of 417,431 shares trading hands.

BlackRock Credit Allocation Income Trust Stock Performance

The stock has a 50-day simple moving average of $10.58 and a 200 day simple moving average of $10.30.

BlackRock Credit Allocation Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a dividend of $0.084 per share. The ex-dividend date is Friday, April 12th. This represents a $1.01 dividend on an annualized basis and a yield of 9.99%.

Institutional Investors Weigh In On BlackRock Credit Allocation Income Trust

A number of institutional investors have recently bought and sold shares of the business. Park Avenue Securities LLC boosted its position in BlackRock Credit Allocation Income Trust by 4.3% during the 3rd quarter. Park Avenue Securities LLC now owns 27,308 shares of the investment management company’s stock worth $264,000 after acquiring an additional 1,122 shares during the period. Pinnacle Wealth Planning Services Inc. raised its stake in shares of BlackRock Credit Allocation Income Trust by 6.6% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 19,614 shares of the investment management company’s stock worth $190,000 after purchasing an additional 1,209 shares in the last quarter. LPL Financial LLC raised its stake in shares of BlackRock Credit Allocation Income Trust by 0.4% during the 3rd quarter. LPL Financial LLC now owns 569,365 shares of the investment management company’s stock worth $5,511,000 after purchasing an additional 2,005 shares in the last quarter. Riverbridge Partners LLC raised its stake in shares of BlackRock Credit Allocation Income Trust by 4.3% during the 1st quarter. Riverbridge Partners LLC now owns 53,214 shares of the investment management company’s stock worth $569,000 after purchasing an additional 2,198 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV raised its stake in shares of BlackRock Credit Allocation Income Trust by 18.5% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 16,000 shares of the investment management company’s stock worth $165,000 after purchasing an additional 2,500 shares in the last quarter.

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.