BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC reduced its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,351 shares of the investment management company’s stock after selling 1,779 shares during the quarter. Uncommon Cents Investing LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $516,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Eastern Bank purchased a new stake in BlackRock Credit Allocation Income Trust in the 3rd quarter worth approximately $64,000. Creekside Partners acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the second quarter worth $156,000. Sanctuary Advisors LLC purchased a new stake in shares of BlackRock Credit Allocation Income Trust in the second quarter valued at $241,000. Valley Brook Capital Group Inc. grew its position in shares of BlackRock Credit Allocation Income Trust by 7.7% in the third quarter. Valley Brook Capital Group Inc. now owns 21,946 shares of the investment management company’s stock valued at $248,000 after purchasing an additional 1,570 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in BlackRock Credit Allocation Income Trust by 7.1% in the second quarter. Commonwealth Equity Services LLC now owns 32,989 shares of the investment management company’s stock valued at $353,000 after purchasing an additional 2,200 shares during the last quarter.

BlackRock Credit Allocation Income Trust Price Performance

Shares of NYSE:BTZ opened at $10.55 on Monday. The stock’s 50-day moving average price is $10.73 and its two-hundred day moving average price is $10.87. BlackRock Credit Allocation Income Trust has a 12-month low of $9.92 and a 12-month high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.0839 dividend. This represents a $1.01 dividend on an annualized basis and a yield of 9.54%. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. The ex-dividend date is Wednesday, January 15th.

BlackRock Credit Allocation Income Trust 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.