11,000 Shares in BlackRock Credit Allocation Income Trust (NYSE:BTZ) Acquired by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC bought a new position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) during the fourth quarter, Holdings Channel reports. The fund bought 11,000 shares of the investment management company’s stock, valued at approximately $114,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its holdings in BlackRock Credit Allocation Income Trust by 6.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 916,217 shares of the investment management company’s stock worth $9,455,000 after acquiring an additional 53,833 shares during the period. Mayflower Financial Advisors LLC bought a new stake in BlackRock Credit Allocation Income Trust during the 4th quarter worth approximately $196,000. AQR Arbitrage LLC increased its holdings in BlackRock Credit Allocation Income Trust by 153.0% during the 3rd quarter. AQR Arbitrage LLC now owns 277,144 shares of the investment management company’s stock worth $2,683,000 after acquiring an additional 167,618 shares during the period. CTC Alternative Strategies Ltd. bought a new stake in BlackRock Credit Allocation Income Trust during the 4th quarter worth approximately $148,000. Finally, Lido Advisors LLC bought a new stake in BlackRock Credit Allocation Income Trust during the 3rd quarter worth approximately $501,000.

BlackRock Credit Allocation Income Trust Stock Down 0.1 %

BlackRock Credit Allocation Income Trust stock opened at $10.08 on Friday. BlackRock Credit Allocation Income Trust has a 1-year low of $9.10 and a 1-year high of $11.13. The firm’s 50 day simple moving average is $10.64 and its 200 day simple moving average is $10.28.

BlackRock Credit Allocation Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a $0.084 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.01 dividend on an annualized basis and a yield of 10.00%.

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.