Stratos Wealth Partners LTD. Purchases New Shares in BlackRock Credit Allocation Income Trust $BTZ

Stratos Wealth Partners LTD. purchased a new stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,280 shares of the investment management company’s stock, valued at approximately $112,000.

A number of other institutional investors have also recently added to or reduced their stakes in BTZ. Ameritas Advisory Services LLC acquired a new stake in BlackRock Credit Allocation Income Trust in the 2nd quarter valued at $76,000. WPG Advisers LLC acquired a new stake in BlackRock Credit Allocation Income Trust during the 1st quarter worth $79,000. PNC Financial Services Group Inc. boosted 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 purchasing an additional 4,964 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in BlackRock Credit Allocation Income Trust during the 1st quarter worth $103,000. Finally, Park Edge Advisors LLC acquired a new stake in BlackRock Credit Allocation Income Trust during the 2nd quarter worth $120,000.

BlackRock Credit Allocation Income Trust Stock Up 0.3%

Shares of BTZ opened at $11.15 on Monday. BlackRock Credit Allocation Income Trust has a 52-week low of $9.54 and a 52-week high of $11.18. The firm’s fifty day moving average is $11.03 and its two-hundred day moving average is $10.82.

BlackRock Credit Allocation Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.0839 per share. This represents a c) annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Wednesday, October 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.