Capital Investment Advisors LLC Sells 65,322 Shares of BlackRock Credit Allocation Income Trust $BTZ

Capital Investment Advisors LLC lessened its position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 7.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 844,152 shares of the investment management company’s stock after selling 65,322 shares during the period. Capital Investment Advisors LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $9,142,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Stolper Co grew its position in shares of BlackRock Credit Allocation Income Trust by 2.2% in the 4th quarter. Stolper Co now owns 82,079 shares of the investment management company’s stock worth $889,000 after buying an additional 1,783 shares during the last quarter. PMG Family Office LLC bought a new stake in BlackRock Credit Allocation Income Trust in the third quarter valued at $121,000. Advisory Services Network LLC purchased a new position in BlackRock Credit Allocation Income Trust during the 3rd quarter valued at $103,000. NewEdge Advisors LLC increased its position in BlackRock Credit Allocation Income Trust by 3.8% during the 3rd quarter. NewEdge Advisors LLC now owns 29,885 shares of the investment management company’s stock valued at $330,000 after purchasing an additional 1,100 shares during the period. Finally, Susquehanna International Group LLP bought a new position in BlackRock Credit Allocation Income Trust in the 3rd quarter worth $292,000.

BlackRock Credit Allocation Income Trust Stock Down 1.3%

NYSE:BTZ opened at $9.73 on Friday. The company has a 50-day moving average price of $10.46 and a 200-day moving average price of $10.77. 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 Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0839 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%.

About BlackRock Credit Allocation Income Trust

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.