Argentarii LLC Acquires New Shares in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Argentarii LLC acquired a new stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,324 shares of the investment management company’s stock, valued at approximately $108,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in BTZ. Kentucky Trust Co bought a new position in BlackRock Credit Allocation Income Trust in the fourth quarter worth about $28,000. Advisors Asset Management Inc. raised its holdings in BlackRock Credit Allocation Income Trust by 0.8% in the third quarter. Advisors Asset Management Inc. now owns 382,831 shares of the investment management company’s stock worth $4,318,000 after purchasing an additional 3,160 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in BlackRock Credit Allocation Income Trust by 1.3% in the third quarter. Thrivent Financial for Lutherans now owns 259,111 shares of the investment management company’s stock worth $2,922,000 after purchasing an additional 3,353 shares in the last quarter. Transcend Capital Advisors LLC raised its holdings in BlackRock Credit Allocation Income Trust by 4.6% in the fourth quarter. Transcend Capital Advisors LLC now owns 83,501 shares of the investment management company’s stock worth $873,000 after purchasing an additional 3,701 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in BlackRock Credit Allocation Income Trust by 27.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 20,776 shares of the investment management company’s stock worth $217,000 after purchasing an additional 4,477 shares in the last quarter.

BlackRock Credit Allocation Income Trust Trading Up 0.3 %

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.73 on Monday. The company has a 50-day simple moving average of $10.69 and a two-hundred day simple moving average of $10.86. BlackRock Credit Allocation Income Trust has a one year low of $9.92 and a one year high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.0839 dividend. The ex-dividend date is Friday, March 14th. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. This represents a $1.01 dividend on an annualized basis and a yield of 9.39%.

About BlackRock Credit Allocation Income Trust

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.