Allspring Global Investments Holdings LLC Trims Stock Position in BlackRock Credit Allocation Income Trust $BTZ

Allspring Global Investments Holdings LLC lowered its position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 39.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 451,242 shares of the investment management company’s stock after selling 298,746 shares during the period. Allspring Global Investments Holdings LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $4,887,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BTZ. Stolper Co increased its stake in shares of BlackRock Credit Allocation Income Trust by 2.2% during the fourth quarter. Stolper Co now owns 82,079 shares of the investment management company’s stock worth $889,000 after purchasing an additional 1,783 shares in the last quarter. PMG Family Office LLC acquired a new position in BlackRock Credit Allocation Income Trust in the 3rd quarter valued at about $121,000. Advisory Services Network LLC acquired a new position in BlackRock Credit Allocation Income Trust in the 3rd quarter valued at about $103,000. NewEdge Advisors LLC boosted its holdings in BlackRock Credit Allocation Income Trust by 3.8% in the 3rd quarter. NewEdge Advisors LLC now owns 29,885 shares of the investment management company’s stock valued at $330,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in BlackRock Credit Allocation Income Trust in the 3rd quarter valued at about $292,000.

BlackRock Credit Allocation Income Trust Price Performance

BlackRock Credit Allocation Income Trust stock opened at $10.14 on Tuesday. The company’s 50 day simple moving average is $10.39 and its 200-day simple moving average is $10.72. BlackRock Credit Allocation Income Trust has a 1 year low of $9.54 and a 1 year high of $11.18.

BlackRock Credit Allocation Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.0839 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Credit Allocation Income Trust Profile

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.