StoneX Group Inc. Takes $678,000 Position in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

StoneX Group Inc. bought 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 & Exchange Commission. The institutional investor bought 64,808 shares of the investment management company’s stock, valued at approximately $678,000.

A number of other large investors have also added to or reduced their stakes in BTZ. Janney Montgomery Scott LLC purchased a new stake in BlackRock Credit Allocation Income Trust during the 4th quarter worth approximately $162,000. Raymond James Financial Inc. acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the fourth quarter worth approximately $14,172,000. Virtu Financial LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter worth $141,000. Wolverine Asset Management LLC acquired a new stake in BlackRock Credit Allocation Income Trust in the fourth quarter valued at $279,000. Finally, Miller Financial Services LLC bought a new position in BlackRock Credit Allocation Income Trust during the 4th quarter valued at $136,000.

BlackRock Credit Allocation Income Trust Price Performance

BTZ opened at $10.73 on Thursday. The company has a 50-day moving average of $10.74 and a 200-day moving average of $10.81. BlackRock Credit Allocation Income Trust has a 1-year low of $9.92 and a 1-year high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.0839 dividend. This represents a $1.01 dividend on an annualized basis and a yield of 9.38%. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, March 14th.

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.