BlackRock Credit Allocation Income Trust $BTZ Holdings Lifted by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC boosted its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 38.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 232,149 shares of the investment management company’s stock after buying an additional 64,647 shares during the period. Cary Street Partners Financial LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $2,565,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BTZ. Newbridge Financial Services Group Inc. purchased a new position in BlackRock Credit Allocation Income Trust during the 2nd quarter valued at about $86,000. Cresset Asset Management LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the second quarter worth approximately $132,000. MRA Advisory Group grew its position in BlackRock Credit Allocation Income Trust by 8.9% during the third quarter. MRA Advisory Group now owns 12,806 shares of the investment management company’s stock valued at $142,000 after purchasing an additional 1,044 shares in the last quarter. Adapt Wealth Advisors LLC acquired a new position in BlackRock Credit Allocation Income Trust in the 3rd quarter valued at approximately $166,000. Finally, Franklin Resources Inc. purchased a new stake in BlackRock Credit Allocation Income Trust in the 2nd quarter worth approximately $167,000.

BlackRock Credit Allocation Income Trust Price Performance

Shares of NYSE:BTZ opened at $10.63 on Friday. The firm has a fifty day moving average of $10.72 and a two-hundred day moving average of $10.89. BlackRock Credit Allocation Income Trust has a 12-month low of $9.54 and a 12-month high of $11.18.

BlackRock Credit Allocation Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.0839 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 9.5%.

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.