Kingdom Financial Group LLC. Invests $172,000 in BlackRock Credit Allocation Income Trust $BTZ

Kingdom Financial Group LLC. purchased a new position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,745 shares of the investment management company’s stock, valued at approximately $172,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its stake in BlackRock Credit Allocation Income Trust by 2.6% during the 1st quarter. Cetera Investment Advisers now owns 88,863 shares of the investment management company’s stock worth $953,000 after purchasing an additional 2,230 shares during the last quarter. Alteri Wealth LLC raised its position in shares of BlackRock Credit Allocation Income Trust by 5.4% in the first quarter. Alteri Wealth LLC now owns 40,930 shares of the investment management company’s stock valued at $439,000 after buying an additional 2,088 shares during the last quarter. LPL Financial LLC lifted its stake in shares of BlackRock Credit Allocation Income Trust by 22.5% in the first quarter. LPL Financial LLC now owns 953,632 shares of the investment management company’s stock worth $10,223,000 after buying an additional 175,452 shares in the last quarter. Creekside Partners boosted its position in BlackRock Credit Allocation Income Trust by 48.2% during the first quarter. Creekside Partners now owns 21,653 shares of the investment management company’s stock worth $232,000 after acquiring an additional 7,039 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in 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 worth $100,000 after acquiring an additional 4,964 shares during the last quarter.

BlackRock Credit Allocation Income Trust Stock Performance

BTZ stock opened at $10.85 on Wednesday. The firm has a 50-day moving average of $11.05 and a two-hundred day moving average of $10.91. 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 business also recently declared a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a $0.0839 dividend. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date of this dividend is Friday, November 14th.

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.