Readystate Asset Management LP Purchases New Shares in BlackRock Credit Allocation Income Trust $BTZ

Readystate Asset Management LP purchased a new position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) during the first quarter, HoldingsChannel reports. The fund purchased 100,594 shares of the investment management company’s stock, valued at approximately $1,016,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Fifth Third Bancorp acquired a new position in shares of BlackRock Credit Allocation Income Trust during the 1st quarter worth approximately $34,000. Comerica Bank raised its position in shares of BlackRock Credit Allocation Income Trust by 136.5% in the third quarter. Comerica Bank now owns 4,063 shares of the investment management company’s stock valued at $45,000 after buying an additional 2,345 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the third quarter valued at approximately $103,000. Stephens Inc. AR bought a new stake in shares of BlackRock Credit Allocation Income Trust in the first quarter valued at approximately $106,000. Finally, Equitable Holdings Inc. acquired a new stake in BlackRock Credit Allocation Income Trust during the third quarter worth approximately $113,000.

BlackRock Credit Allocation Income Trust Stock Performance

BlackRock Credit Allocation Income Trust stock opened at $9.94 on Thursday. The stock’s fifty day moving average price is $10.14 and its two-hundred day moving average price is $10.30. BlackRock Credit Allocation Income Trust has a one year low of $9.70 and a one year high of $11.18.

BlackRock Credit Allocation Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.0839 dividend. This represents a c) dividend on an annualized basis and a yield of 10.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.