Oarsman Capital Inc. Raises Stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Oarsman Capital Inc. lifted its stake in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 460.8% during the 4th quarter, Holdings Channel reports. The fund owned 6,085 shares of the investment management company’s stock after buying an additional 5,000 shares during the quarter. Oarsman Capital Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $64,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BTZ. Kentucky Trust Co acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the 4th quarter worth approximately $28,000. Huntington National Bank raised its holdings in BlackRock Credit Allocation Income Trust by 458,000.0% in the 4th quarter. Huntington National Bank now owns 9,162 shares of the investment management company’s stock valued at $96,000 after buying an additional 9,160 shares during the period. Argentarii LLC acquired a new position in BlackRock Credit Allocation Income Trust in the fourth quarter valued at about $108,000. Noble Wealth Management PBC acquired a new position in shares of BlackRock Credit Allocation Income Trust in the 4th quarter worth approximately $110,000. Finally, Elm3 Financial Group LLC acquired a new stake in BlackRock Credit Allocation Income Trust in the 4th quarter valued at approximately $130,000.

BlackRock Credit Allocation Income Trust Stock Performance

NYSE:BTZ opened at $10.14 on Monday. The stock’s fifty day moving average is $10.73 and its two-hundred day moving average is $10.80. BlackRock Credit Allocation Income Trust has a 52 week low of $9.92 and a 52 week high of $11.30.

BlackRock Credit Allocation Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.0839 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.01 dividend on an annualized basis and a yield of 9.93%.

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.