BlackRock Credit Allocation Income Trust $BTZ Stock Holdings Lessened by Evergreen Capital Management LLC

Evergreen Capital Management LLC cut its holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 1.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 406,728 shares of the investment management company’s stock after selling 5,509 shares during the period. Evergreen Capital Management LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $4,360,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sound Income Strategies LLC bought a new position in BlackRock Credit Allocation Income Trust in the first quarter worth about $50,000. WPG Advisers LLC bought a new position in shares of BlackRock Credit Allocation Income Trust during the first quarter valued at approximately $79,000. PNC Financial Services Group Inc. grew its holdings in shares of BlackRock Credit Allocation Income Trust by 112.6% during the first quarter. PNC Financial Services Group Inc. now owns 9,371 shares of the investment management company’s stock valued at $100,000 after purchasing an additional 4,964 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the 1st quarter worth approximately $103,000. Finally, Baird Financial Group Inc. bought a new stake in shares of BlackRock Credit Allocation Income Trust in the 4th quarter worth approximately $116,000.

BlackRock Credit Allocation Income Trust Stock Performance

NYSE:BTZ opened at $11.02 on Friday. BlackRock Credit Allocation Income Trust has a 12-month low of $9.54 and a 12-month high of $11.30. The business has a 50 day simple moving average of $10.95 and a 200 day simple moving average of $10.70.

BlackRock Credit Allocation Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.0839 dividend. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date was Friday, August 15th.

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.