BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Sold by Raymond James & Associates

Raymond James & Associates cut its position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 315,735 shares of the investment management company’s stock after selling 19,926 shares during the quarter. Raymond James & Associates’ holdings in BlackRock Credit Allocation Income Trust were worth $3,258,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Comerica Bank acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the 3rd quarter valued at about $26,000. Captrust Financial Advisors purchased a new stake in BlackRock Credit Allocation Income Trust during the 2nd quarter valued at approximately $30,000. Money Concepts Capital Corp purchased a new stake in BlackRock Credit Allocation Income Trust during the 4th quarter valued at approximately $36,000. Nomura Holdings Inc. purchased a new stake in BlackRock Credit Allocation Income Trust during the 2nd quarter valued at approximately $109,000. Finally, Axxcess Wealth Management LLC purchased a new stake in BlackRock Credit Allocation Income Trust during the 4th quarter valued at approximately $115,000.

BlackRock Credit Allocation Income Trust Stock Down 0.3 %

BTZ opened at $10.23 on Friday. The business has a 50 day moving average price of $10.71 and a two-hundred day moving average price of $10.28. BlackRock Credit Allocation Income Trust has a 52 week low of $9.10 and a 52 week high of $11.13.

BlackRock Credit Allocation Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a dividend of $0.084 per share. This represents a $1.01 annualized dividend and a yield of 9.85%. The ex-dividend date is Friday, April 12th.

BlackRock Credit Allocation Income Trust Company Profile

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.