Allspring Global Investments Holdings LLC Buys 25,500 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Allspring Global Investments Holdings LLC increased its stake in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ – Get Rating) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,976,914 shares of the investment management company’s stock after acquiring an additional 25,500 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $18,859,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital Investment Advisory Services LLC boosted its position in shares of BlackRock Credit Allocation Income Trust by 4.7% during the second quarter. Capital Investment Advisory Services LLC now owns 23,005 shares of the investment management company’s stock worth $251,000 after acquiring an additional 1,030 shares during the last quarter. Uncommon Cents Investing LLC boosted its position in shares of BlackRock Credit Allocation Income Trust by 3.4% during the third quarter. Uncommon Cents Investing LLC now owns 47,335 shares of the investment management company’s stock worth $452,000 after acquiring an additional 1,540 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of BlackRock Credit Allocation Income Trust by 6.9% during the first quarter. Private Advisor Group LLC now owns 30,396 shares of the investment management company’s stock worth $382,000 after acquiring an additional 1,964 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of BlackRock Credit Allocation Income Trust by 7.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 37,647 shares of the investment management company’s stock worth $410,000 after acquiring an additional 2,632 shares during the last quarter. Finally, Private Trust Co. NA bought a new position in shares of BlackRock Credit Allocation Income Trust during the second quarter worth $29,000.

BlackRock Credit Allocation Income Trust Trading Up 0.5 %

BTZ stock opened at $10.57 on Thursday. BlackRock Credit Allocation Income Trust has a 52 week low of $9.27 and a 52 week high of $14.52. The company has a fifty day simple moving average of $10.40 and a two-hundred day simple moving average of $10.57.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 13th will be given a dividend of $0.0839 per share. The ex-dividend date is Thursday, January 12th. This represents a $1.01 annualized dividend and a yield of 9.53%. This is a positive change from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

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.