BlackRock Credit Allocation Income Trust $BTZ Stock Position Raised by Cetera Investment Advisers

Cetera Investment Advisers boosted its holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 83.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 163,129 shares of the investment management company’s stock after acquiring an additional 74,266 shares during the period. Cetera Investment Advisers’ holdings in BlackRock Credit Allocation Income Trust were worth $1,781,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BTZ. LPL Financial LLC raised its position in shares of BlackRock Credit Allocation Income Trust by 22.5% during the 1st quarter. LPL Financial LLC now owns 953,632 shares of the investment management company’s stock worth $10,223,000 after purchasing an additional 175,452 shares during the period. PNC Financial Services Group Inc. increased its position 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 worth $100,000 after buying an additional 4,964 shares during the period. Shaker Financial Services LLC bought a new stake in BlackRock Credit Allocation Income Trust in the first quarter valued at $193,000. WealthShield Partners LLC boosted its holdings in shares of BlackRock Credit Allocation Income Trust by 11.1% during the first quarter. WealthShield Partners LLC now owns 57,437 shares of the investment management company’s stock valued at $616,000 after acquiring an additional 5,734 shares during the period. Finally, Sit Investment Associates Inc. grew its position in shares of BlackRock Credit Allocation Income Trust by 8.1% during the first quarter. Sit Investment Associates Inc. now owns 5,581,167 shares of the investment management company’s stock worth $59,830,000 after acquiring an additional 419,791 shares during the last quarter.

BlackRock Credit Allocation Income Trust Stock Up 0.3%

BTZ stock opened at $10.98 on Monday. The firm’s 50-day simple moving average is $11.01 and its 200 day simple moving average is $10.93. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.54 and a fifty-two week high of $11.18.

BlackRock Credit Allocation Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a dividend of $0.0839 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date of this dividend was Friday, November 14th.

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.