Geneos Wealth Management Inc. Purchases 15,388 Shares of BlackRock Credit Allocation Income Trust $BTZ

Geneos Wealth Management Inc. lifted its position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 6,411.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,628 shares of the investment management company’s stock after purchasing an additional 15,388 shares during the period. Geneos Wealth Management Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $168,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Sound Income Strategies LLC bought a new position in shares of BlackRock Credit Allocation Income Trust during the first quarter worth approximately $50,000. WPG Advisers LLC bought a new position in shares of BlackRock Credit Allocation Income Trust during the first quarter worth approximately $79,000. PNC Financial Services Group Inc. increased its stake in BlackRock Credit Allocation Income Trust by 112.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,371 shares of the investment management company’s stock worth $100,000 after acquiring an additional 4,964 shares during the period. Cullen Frost Bankers Inc. bought a new position in BlackRock Credit Allocation Income Trust during the 1st quarter worth $103,000. Finally, Jane Street Group LLC bought a new position in BlackRock Credit Allocation Income Trust during the 4th quarter worth $119,000.

BlackRock Credit Allocation Income Trust Stock Performance

BlackRock Credit Allocation Income Trust stock opened at $11.05 on Wednesday. The stock’s fifty day moving average price is $10.99 and its two-hundred day moving average price is $10.72. BlackRock Credit Allocation Income Trust has a one year low of $9.54 and a one year high of $11.30.

BlackRock Credit Allocation Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.0839 per share. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Monday, September 15th.

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.