UBS Group AG Sells 57,981 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

UBS Group AG lessened its holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ – Get Rating) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,089,852 shares of the investment management company’s stock after selling 57,981 shares during the quarter. UBS Group AG’s holdings in BlackRock Credit Allocation Income Trust were worth $11,008,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors bought a new position in BlackRock Credit Allocation Income Trust in the second quarter valued at approximately $30,000. Lokken Investment Group LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust in the 3rd quarter valued at about $98,000. Lazard Asset Management LLC raised its holdings in shares of BlackRock Credit Allocation Income Trust by 641.8% in the 3rd quarter. Lazard Asset Management LLC now owns 11,001 shares of the investment management company’s stock valued at $104,000 after purchasing an additional 9,518 shares during the period. Nomura Holdings Inc. bought a new position in BlackRock Credit Allocation Income Trust during the second quarter worth $109,000. Finally, OLD National Bancorp IN bought a new position in BlackRock Credit Allocation Income Trust during the fourth quarter worth $129,000.

BlackRock Credit Allocation Income Trust Stock Up 0.6 %

BTZ stock opened at $10.30 on Tuesday. The company has a fifty day moving average price of $10.30 and a two-hundred day moving average price of $10.51. BlackRock Credit Allocation Income Trust has a one year low of $9.27 and a one year high of $11.81.

BlackRock Credit Allocation Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th will be paid a dividend of $0.084 per share. The ex-dividend date is Friday, May 12th. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.79%.

About BlackRock Credit Allocation Income Trust

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BlackRock Credit Allocation Income Trust is a non-diversified, closed-end management investment company. Its investment objective is to provide current income, current gains and capital appreciation through investing in credit-related securities, including, but not limited to, investment grade corporate bonds, high yield bonds, bank loans, preferred securities or convertible bonds or derivatives with economic characteristics similar to these credit-related securities.