Raymond James & Associates Sells 22,844 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Raymond James & Associates lowered its position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 7.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 281,281 shares of the investment management company’s stock after selling 22,844 shares during the period. Raymond James & Associates’ holdings in BlackRock Credit Allocation Income Trust were worth $3,173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. grew its position in shares of BlackRock Credit Allocation Income Trust by 138.6% in the 1st quarter. Advisors Asset Management Inc. now owns 287,659 shares of the investment management company’s stock valued at $3,075,000 after buying an additional 167,093 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of BlackRock Credit Allocation Income Trust by 3.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,948,185 shares of the investment management company’s stock valued at $42,285,000 after purchasing an additional 140,726 shares in the last quarter. Capital Investment Advisors LLC boosted its position in shares of BlackRock Credit Allocation Income Trust by 5.2% during the 3rd quarter. Capital Investment Advisors LLC now owns 954,311 shares of the investment management company’s stock valued at $10,765,000 after purchasing an additional 47,124 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of BlackRock Credit Allocation Income Trust by 4.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 961,789 shares of the investment management company’s stock valued at $10,301,000 after purchasing an additional 41,322 shares in the last quarter. Finally, Choreo LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust during the 2nd quarter valued at about $403,000.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.77 on Tuesday. BlackRock Credit Allocation Income Trust has a one year low of $9.42 and a one year high of $11.30. The stock’s 50-day moving average is $11.05 and its 200 day moving average is $10.76.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.0839 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from BlackRock Credit Allocation Income Trust’s previous 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.