Allspring Global Investments Holdings LLC Has $6.23 Million Holdings in BlackRock Credit Allocation Income Trust $BTZ

Allspring Global Investments Holdings LLC lifted its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 36.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 617,201 shares of the investment management company’s stock after buying an additional 165,959 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $6,234,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BTZ. Fifth Third Bancorp acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the 1st quarter valued at approximately $34,000. Comerica Bank grew its stake in BlackRock Credit Allocation Income Trust by 136.5% in the third quarter. Comerica Bank now owns 4,063 shares of the investment management company’s stock valued at $45,000 after acquiring an additional 2,345 shares during the period. Advisory Services Network LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the third quarter worth about $103,000. Stephens Inc. AR acquired a new position in shares of BlackRock Credit Allocation Income Trust in the 1st quarter valued at approximately $106,000. Finally, Equitable Holdings Inc. acquired a new stake in BlackRock Credit Allocation Income Trust during the 3rd quarter worth approximately $113,000.

BlackRock Credit Allocation Income Trust Price Performance

Shares of BTZ stock opened at $9.97 on Friday. BlackRock Credit Allocation Income Trust has a 12-month low of $9.70 and a 12-month high of $11.18. The firm has a fifty day moving average of $10.14 and a 200-day moving average of $10.33.

BlackRock Credit Allocation Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.0839 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%. 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.