Connectus Wealth LLC Invests $851,000 in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Connectus Wealth LLC purchased a new position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZFree Report) in the fourth quarter, HoldingsChannel reports. The firm purchased 82,500 shares of the investment management company’s stock, valued at approximately $851,000.

A number of other hedge funds have also modified their holdings of the business. LPL Financial LLC grew its holdings in shares of BlackRock Credit Allocation Income Trust by 0.4% during the 3rd quarter. LPL Financial LLC now owns 569,365 shares of the investment management company’s stock worth $5,511,000 after purchasing an additional 2,005 shares during the period. Investors Asset Management of Georgia Inc. GA ADV grew its position in BlackRock Credit Allocation Income Trust by 18.5% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 16,000 shares of the investment management company’s stock valued at $165,000 after acquiring an additional 2,500 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in BlackRock Credit Allocation Income Trust in the 4th quarter valued at about $30,000. Stolper Co grew its position in BlackRock Credit Allocation Income Trust by 5.6% in the 4th quarter. Stolper Co now owns 63,960 shares of the investment management company’s stock valued at $660,000 after acquiring an additional 3,364 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in BlackRock Credit Allocation Income Trust by 23.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 20,608 shares of the investment management company’s stock valued at $199,000 after acquiring an additional 3,928 shares in the last quarter.

BlackRock Credit Allocation Income Trust Price Performance

NYSE BTZ opened at $10.69 on Tuesday. The stock has a 50-day moving average of $10.39 and a two-hundred day moving average of $10.52. BlackRock Credit Allocation Income Trust has a 1-year low of $9.10 and a 1-year high of $11.13.

BlackRock Credit Allocation Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.084 dividend. This represents a $1.01 annualized dividend and a yield of 9.43%. The ex-dividend date of this dividend is Friday, June 14th.

About BlackRock Credit Allocation Income Trust

(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.

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:BTZFree Report).

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

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