Edgemoor Investment Advisors Inc. Trims Stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Edgemoor Investment Advisors Inc. decreased its position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 273,243 shares of the investment management company’s stock after selling 7,779 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $2,858,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kentucky Trust Co purchased a new position in shares of BlackRock Credit Allocation Income Trust during the 4th quarter worth approximately $28,000. Argentarii LLC purchased a new position in shares of BlackRock Credit Allocation Income Trust during the 4th quarter worth approximately $108,000. Noble Wealth Management PBC purchased a new position in shares of BlackRock Credit Allocation Income Trust during the 4th quarter worth approximately $110,000. Elm3 Financial Group LLC purchased a new position in shares of BlackRock Credit Allocation Income Trust during the 4th quarter worth approximately $130,000. Finally, Miller Financial Services LLC purchased a new position in shares of BlackRock Credit Allocation Income Trust during the 4th quarter worth approximately $136,000.

BlackRock Credit Allocation Income Trust Trading Down 0.2 %

BTZ stock opened at $10.57 on Monday. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.92 and a fifty-two week high of $11.30. The business’s 50 day moving average price is $10.71 and its two-hundred day moving average price is $10.85.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.0839 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.01 annualized dividend and a dividend yield of 9.53%. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

BlackRock Credit Allocation Income Trust 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.