Baird Financial Group Inc. Acquires 4,697 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Baird Financial Group Inc. increased its holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZGet Rating) by 9.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 55,247 shares of the investment management company’s stock after purchasing an additional 4,697 shares during the period. Baird Financial Group Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $602,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC increased its holdings in BlackRock Credit Allocation Income Trust by 7.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 37,647 shares of the investment management company’s stock worth $410,000 after buying an additional 2,632 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of BlackRock Credit Allocation Income Trust by 15.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 266,120 shares of the investment management company’s stock valued at $2,899,000 after acquiring an additional 36,156 shares during the period. Mackay Shields LLC bought a new position in shares of BlackRock Credit Allocation Income Trust during the 2nd quarter valued at approximately $268,000. Ellis Investment Partners LLC grew its stake in shares of BlackRock Credit Allocation Income Trust by 15.3% during the 2nd quarter. Ellis Investment Partners LLC now owns 94,840 shares of the investment management company’s stock valued at $1,032,000 after acquiring an additional 12,589 shares during the period. Finally, Cutter & CO Brokerage Inc. bought a new position in shares of BlackRock Credit Allocation Income Trust during the 2nd quarter valued at approximately $119,000.

BlackRock Credit Allocation Income Trust Trading Up 0.4 %

Shares of NYSE:BTZ opened at $10.54 on Monday. The stock has a 50 day moving average of $10.04 and a 200 day moving average of $10.74. BlackRock Credit Allocation Income Trust has a 12-month low of $9.27 and a 12-month high of $15.19.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be paid a dividend of $0.084 per share. The ex-dividend date of this dividend is Monday, November 14th. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.08. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.56%.

BlackRock Credit Allocation Income Trust Company Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding BTZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Credit Allocation Income Trust (NYSE:BTZGet Rating).

Institutional Ownership by Quarter for BlackRock Credit Allocation Income Trust (NYSE:BTZ)

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