49,680 Shares in BlackRock Credit Allocation Income Trust $BTZ Acquired by Pin Oak Investment Advisors Inc.

Pin Oak Investment Advisors Inc. acquired a new stake in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 49,680 shares of the investment management company’s stock, valued at approximately $508,000.

Other institutional investors have also recently modified their holdings of the company. Equitable Holdings Inc. purchased a new position in shares of BlackRock Credit Allocation Income Trust in the 2nd quarter worth about $209,000. Almitas Capital LLC bought a new position in shares of BlackRock Credit Allocation Income Trust in the second quarter worth approximately $191,000. Palogic Value Management L.P. bought a new stake in shares of BlackRock Credit Allocation Income Trust during the second quarter valued at approximately $300,000. Bank of America Corp DE bought a new stake in shares of BlackRock Credit Allocation Income Trust during the second quarter valued at approximately $48,533,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in BlackRock Credit Allocation Income Trust in the 2nd quarter worth approximately $812,000.

BlackRock Credit Allocation Income Trust Stock Down 0.2%

BTZ stock opened at $10.14 on Friday. The stock’s 50 day simple moving average is $10.16 and its 200 day simple moving average is $10.23. BlackRock Credit Allocation Income Trust has a 12-month low of $9.70 and a 12-month high of $11.18.

BlackRock Credit Allocation Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.0839 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

About BlackRock Credit Allocation Income Trust

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.