D.A. Davidson & CO. Has $1.10 Million Holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

D.A. Davidson & CO. decreased its position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZFree Report) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 113,584 shares of the investment management company’s stock after selling 5,076 shares during the quarter. D.A. Davidson & CO.’s holdings in BlackRock Credit Allocation Income Trust were worth $1,099,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors bought a new position in BlackRock Credit Allocation Income Trust during the 2nd quarter worth approximately $30,000. Money Concepts Capital Corp bought a new position in shares of BlackRock Credit Allocation Income Trust in the fourth quarter worth about $36,000. Cullen Frost Bankers Inc. purchased a new position in BlackRock Credit Allocation Income Trust during the 2nd quarter worth $38,000. Creative Planning purchased a new position in BlackRock Credit Allocation Income Trust during the 2nd quarter worth $105,000. Finally, Shaker Financial Services LLC purchased a new position in shares of BlackRock Credit Allocation Income Trust in the 2nd quarter valued at $106,000.

BlackRock Credit Allocation Income Trust Stock Down 0.1 %

Shares of BTZ opened at $10.85 on Monday. The stock has a 50-day moving average of $10.56 and a two-hundred day moving average of $10.07. BlackRock Credit Allocation Income Trust has a one year low of $9.10 and a one year high of $11.23.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.084 per share. This represents a $1.01 dividend on an annualized basis and a yield of 9.29%. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, February 14th.

BlackRock Credit Allocation Income Trust Company Profile

(Free Report)

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.

Further Reading

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:BTZFree Report).

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

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