Emissary Wealth LLC Takes Position in BlackRock Credit Allocation Income Trust $BTZ

Emissary Wealth LLC bought a new stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 264,350 shares of the investment management company’s stock, valued at approximately $2,863,000. BlackRock Credit Allocation Income Trust makes up 2.4% of Emissary Wealth LLC’s holdings, making the stock its 12th largest position.

Other large investors have also modified their holdings of the company. Cary Street Partners Financial LLC boosted its holdings in shares of BlackRock Credit Allocation Income Trust by 38.6% in the 3rd quarter. Cary Street Partners Financial LLC now owns 232,149 shares of the investment management company’s stock valued at $2,565,000 after buying an additional 64,647 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of BlackRock Credit Allocation Income Trust in the 3rd quarter valued at $886,000. Penserra Capital Management LLC raised its position in BlackRock Credit Allocation Income Trust by 20.0% in the 3rd quarter. Penserra Capital Management LLC now owns 589,680 shares of the investment management company’s stock valued at $6,515,000 after purchasing an additional 98,122 shares during the last quarter. Prevail Innovative Wealth Advisors LLC purchased a new stake in BlackRock Credit Allocation Income Trust in the 3rd quarter valued at $575,000. Finally, Concurrent Investment Advisors LLC raised its position in BlackRock Credit Allocation Income Trust by 38.5% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 30,986 shares of the investment management company’s stock valued at $342,000 after purchasing an additional 8,611 shares during the last quarter.

BlackRock Credit Allocation Income Trust Trading Down 0.0%

BTZ stock opened at $10.48 on Monday. The company has a fifty day moving average price of $10.34 and a 200 day moving average price of $10.68. BlackRock Credit Allocation Income Trust has a 12 month low of $9.70 and a 12 month high of $11.18.

BlackRock Credit Allocation Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.0839 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 9.6%.

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.