D.A. Davidson & CO. Buys 144,213 Shares of BlackRock Credit Allocation Income Trust $BTZ

D.A. Davidson & CO. lifted its stake in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 60.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 382,991 shares of the investment management company’s stock after purchasing an additional 144,213 shares during the period. D.A. Davidson & CO.’s holdings in BlackRock Credit Allocation Income Trust were worth $3,868,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Corient Private Wealth LLC bought a new position in BlackRock Credit Allocation Income Trust in the 4th quarter worth approximately $845,000. Sit Investment Associates Inc. boosted its position in BlackRock Credit Allocation Income Trust by 8.3% in the 4th quarter. Sit Investment Associates Inc. now owns 6,430,309 shares of the investment management company’s stock valued at $69,640,000 after buying an additional 492,132 shares during the last quarter. Emissary Wealth LLC bought a new position in BlackRock Credit Allocation Income Trust in the 4th quarter valued at $2,863,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of BlackRock Credit Allocation Income Trust by 1,891.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,513,798 shares of the investment management company’s stock valued at $16,394,000 after buying an additional 1,437,794 shares during the period. Finally, Rareview Capital LLC increased its stake in shares of BlackRock Credit Allocation Income Trust by 158.3% in the 1st quarter. Rareview Capital LLC now owns 367,912 shares of the investment management company’s stock valued at $4,018,000 after buying an additional 225,471 shares during the period.

BlackRock Credit Allocation Income Trust Stock Performance

BTZ stock opened at $10.21 on Monday. BlackRock Credit Allocation Income Trust has a twelve month low of $9.70 and a twelve month high of $11.18. The business has a fifty day moving average of $10.15 and a 200-day moving average of $10.35.

BlackRock Credit Allocation Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.0839 dividend. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date is Tuesday, September 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.