BlackRock Credit Allocation Income Trust (BTZ) To Go Ex-Dividend on September 15th

BlackRock Credit Allocation Income Trust (NYSE:BTZ) declared a monthly dividend on Friday, June 5th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.0839 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 10.3%. The ex-dividend date is Tuesday, September 15th.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of NYSE BTZ opened at $9.74 on Friday. BlackRock Credit Allocation Income Trust has a 52-week low of $9.70 and a 52-week high of $11.18. The company’s 50 day moving average price is $10.11 and its 200-day moving average price is $10.17.

Hedge Funds Weigh In On BlackRock Credit Allocation Income Trust

A number of hedge funds have recently bought and sold shares of BTZ. Corient Private Wealth LLC acquired a new position in shares of BlackRock Credit Allocation Income Trust during the 4th quarter valued at $845,000. Pin Oak Investment Advisors Inc. acquired a new stake in BlackRock Credit Allocation Income Trust in the second quarter worth $508,000. Sit Investment Associates Inc. increased its stake in BlackRock Credit Allocation Income Trust by 8.3% in the fourth quarter. Sit Investment Associates Inc. now owns 6,430,309 shares of the investment management company’s stock valued at $69,640,000 after purchasing an additional 492,132 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in BlackRock Credit Allocation Income Trust by 1,891.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,513,798 shares of the investment management company’s stock valued at $16,394,000 after purchasing an additional 1,437,794 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of BlackRock Credit Allocation Income Trust by 59.8% during the first quarter. First Trust Advisors LP now owns 209,683 shares of the investment management company’s stock valued at $2,118,000 after purchasing an additional 78,497 shares during the period.

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.