Millennium Management LLC Sells 51,958 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Millennium Management LLC lessened its holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 73.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,581 shares of the investment management company’s stock after selling 51,958 shares during the period. Millennium Management LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $194,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BTZ. Focus Partners Wealth raised its stake in BlackRock Credit Allocation Income Trust by 102.1% during the 4th quarter. Focus Partners Wealth now owns 79,688 shares of the investment management company’s stock worth $834,000 after acquiring an additional 40,262 shares during the period. Cetera Investment Advisers raised its stake in BlackRock Credit Allocation Income Trust by 13.0% during the 4th quarter. Cetera Investment Advisers now owns 86,633 shares of the investment management company’s stock worth $906,000 after acquiring an additional 9,984 shares during the period. Baird Financial Group Inc. bought a new stake in BlackRock Credit Allocation Income Trust during the 4th quarter worth approximately $116,000. Bank of America Corp DE raised its stake in BlackRock Credit Allocation Income Trust by 9.3% during the 4th quarter. Bank of America Corp DE now owns 3,619,300 shares of the investment management company’s stock worth $37,858,000 after acquiring an additional 309,291 shares during the period. Finally, Alteri Wealth LLC bought a new stake in BlackRock Credit Allocation Income Trust during the 4th quarter worth approximately $406,000.

BlackRock Credit Allocation Income Trust Stock Performance

NYSE BTZ opened at $10.82 on Friday. BlackRock Credit Allocation Income Trust has a 12 month low of $9.54 and a 12 month high of $11.30. The company’s 50 day moving average is $10.47 and its two-hundred day moving average is $10.62.

BlackRock Credit Allocation Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.0839 per share. This represents a $1.01 annualized dividend and a dividend yield of 9.30%. The ex-dividend date is Friday, June 13th.

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.