Riverbridge Partners LLC Increases Holdings in BlackRock Credit Allocation Income Trust $BTZ

Riverbridge Partners LLC increased its holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 3.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,486 shares of the investment management company’s stock after acquiring an additional 2,218 shares during the quarter. Riverbridge Partners LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $715,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of BTZ. Sound Income Strategies LLC bought a new position in shares of BlackRock Credit Allocation Income Trust in the 1st quarter worth about $50,000. WPG Advisers LLC purchased a new stake in BlackRock Credit Allocation Income Trust in the first quarter worth approximately $79,000. PNC Financial Services Group Inc. lifted its holdings in BlackRock Credit Allocation Income Trust by 112.6% in the first quarter. PNC Financial Services Group Inc. now owns 9,371 shares of the investment management company’s stock valued at $100,000 after acquiring an additional 4,964 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in BlackRock Credit Allocation Income Trust during the first quarter valued at approximately $103,000. Finally, Jane Street Group LLC purchased a new position in BlackRock Credit Allocation Income Trust during the fourth quarter valued at $119,000.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of BTZ stock opened at $10.97 on Friday. The company’s fifty day moving average price is $11.01 and its 200-day moving average price is $10.74. 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 Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.0839 dividend. The ex-dividend date is Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%.

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.