Cetera Investment Advisers Has $906,000 Stock Position in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Cetera Investment Advisers raised its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 13.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,633 shares of the investment management company’s stock after purchasing an additional 9,984 shares during the quarter. Cetera Investment Advisers’ holdings in BlackRock Credit Allocation Income Trust were worth $906,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Baird Financial Group Inc. bought a new position in BlackRock Credit Allocation Income Trust during the fourth quarter valued at $116,000. Bank of America Corp DE grew its stake in shares of BlackRock Credit Allocation Income Trust by 9.3% during the fourth quarter. Bank of America Corp DE now owns 3,619,300 shares of the investment management company’s stock valued at $37,858,000 after buying an additional 309,291 shares during the last quarter. Alteri Wealth LLC bought a new position in shares of BlackRock Credit Allocation Income Trust during the fourth quarter valued at about $406,000. Jane Street Group LLC purchased a new position in BlackRock Credit Allocation Income Trust during the 4th quarter valued at about $119,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in BlackRock Credit Allocation Income Trust during the 4th quarter valued at about $192,000.

BlackRock Credit Allocation Income Trust Stock Up 0.6%

BlackRock Credit Allocation Income Trust stock opened at $10.53 on Friday. The stock’s 50 day simple moving average is $10.44 and its two-hundred day simple moving average is $10.64. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.54 and a fifty-two week high of $11.30.

BlackRock Credit Allocation Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.0839 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.01 annualized dividend and a dividend yield of 9.56%.

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.