Transcend Capital Advisors LLC Has $873,000 Stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Transcend Capital Advisors LLC boosted its position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,501 shares of the investment management company’s stock after purchasing an additional 3,701 shares during the period. Transcend Capital Advisors LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $873,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BTZ. Eastern Bank bought a new stake in shares of BlackRock Credit Allocation Income Trust during the third quarter worth about $64,000. International Assets Investment Management LLC boosted its position in BlackRock Credit Allocation Income Trust by 1,018.1% during the 3rd quarter. International Assets Investment Management LLC now owns 382,636 shares of the investment management company’s stock worth $43,160,000 after buying an additional 348,414 shares during the period. Valley Brook Capital Group Inc. grew its holdings in BlackRock Credit Allocation Income Trust by 7.7% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 21,946 shares of the investment management company’s stock worth $248,000 after acquiring an additional 1,570 shares during the last quarter. Fiera Capital Corp increased its position in BlackRock Credit Allocation Income Trust by 6.4% in the 3rd quarter. Fiera Capital Corp now owns 174,503 shares of the investment management company’s stock valued at $1,968,000 after acquiring an additional 10,475 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of BlackRock Credit Allocation Income Trust by 1.3% during the third quarter. Thrivent Financial for Lutherans now owns 259,111 shares of the investment management company’s stock valued at $2,922,000 after acquiring an additional 3,353 shares during the last quarter.

BlackRock Credit Allocation Income Trust Trading Down 0.6 %

Shares of NYSE:BTZ opened at $10.74 on Friday. BlackRock Credit Allocation Income Trust has a 52 week low of $9.92 and a 52 week high of $11.30. The firm’s fifty day moving average is $10.65 and its 200-day moving average is $10.87.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.0839 dividend. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.38%. The ex-dividend date is Friday, February 14th. This is a positive change from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor's Corporation.