Penserra Capital Management LLC Has $6.52 Million Stake in BlackRock Credit Allocation Income Trust $BTZ

Penserra Capital Management LLC grew its position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 20.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 589,680 shares of the investment management company’s stock after acquiring an additional 98,122 shares during the period. Penserra Capital Management LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $6,515,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Bank of America Corp DE raised its position in BlackRock Credit Allocation Income Trust by 19.4% in the 2nd quarter. Bank of America Corp DE now owns 4,571,453 shares of the investment management company’s stock valued at $49,920,000 after purchasing an additional 742,650 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in shares of BlackRock Credit Allocation Income Trust in the second quarter valued at about $1,829,000. Raymond James Financial Inc. lifted its position in BlackRock Credit Allocation Income Trust by 8.6% during the 2nd quarter. Raymond James Financial Inc. now owns 1,483,929 shares of the investment management company’s stock worth $16,205,000 after buying an additional 117,660 shares in the last quarter. Guggenheim Capital LLC grew its holdings in BlackRock Credit Allocation Income Trust by 6.8% during the 2nd quarter. Guggenheim Capital LLC now owns 1,739,889 shares of the investment management company’s stock worth $19,000,000 after acquiring an additional 110,656 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in BlackRock Credit Allocation Income Trust by 83.6% in the 2nd quarter. Cetera Investment Advisers now owns 163,129 shares of the investment management company’s stock valued at $1,781,000 after acquiring an additional 74,266 shares in the last quarter.

BlackRock Credit Allocation Income Trust Trading Up 0.1%

Shares of BTZ stock opened at $10.71 on Friday. BlackRock Credit Allocation Income Trust has a 1 year low of $9.54 and a 1 year high of $11.18. The firm’s 50 day moving average is $10.76 and its 200-day moving average is $10.92.

BlackRock Credit Allocation Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.0839 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 9.4%.

BlackRock Credit Allocation Income Trust Company 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.