Affiance Financial LLC Grows Stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Affiance Financial LLC grew its position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 100.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,000 shares of the investment management company’s stock after buying an additional 10,000 shares during the quarter. Affiance Financial LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $209,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BTZ. Eastern Bank purchased a new stake in BlackRock Credit Allocation Income Trust in the third quarter worth about $64,000. Creekside Partners purchased a new stake in shares of BlackRock Credit Allocation Income Trust in the 2nd quarter worth approximately $156,000. Janney Montgomery Scott LLC bought a new position in shares of BlackRock Credit Allocation Income Trust during the fourth quarter valued at approximately $162,000. Sanctuary Advisors LLC purchased a new position in BlackRock Credit Allocation Income Trust during the second quarter valued at approximately $241,000. Finally, Valley Brook Capital Group Inc. raised its stake in BlackRock Credit Allocation Income Trust by 7.7% in the third quarter. Valley Brook Capital Group Inc. now owns 21,946 shares of the investment management company’s stock worth $248,000 after buying an additional 1,570 shares in the last quarter.

BlackRock Credit Allocation Income Trust Stock Up 0.3 %

Shares of NYSE BTZ opened at $10.64 on Friday. BlackRock Credit Allocation Income Trust has a 12-month low of $9.92 and a 12-month high of $11.30. The stock’s fifty day simple moving average is $10.69 and its two-hundred day simple moving average is $10.86.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.0839 dividend. This represents a $1.01 annualized dividend and a yield of 9.46%. The ex-dividend date of this dividend is Wednesday, January 15th. This is a positive change from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

About BlackRock Credit Allocation Income Trust

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.