Ibex Wealth Advisors Sells 3,691 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Ibex Wealth Advisors cut its position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,556 shares of the investment management company’s stock after selling 3,691 shares during the period. Ibex Wealth Advisors’ holdings in BlackRock Credit Allocation Income Trust were worth $1,217,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Kentucky Trust Co acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the 4th quarter valued at about $28,000. Oarsman Capital Inc. grew its stake in shares of BlackRock Credit Allocation Income Trust by 460.8% in the 4th quarter. Oarsman Capital Inc. now owns 6,085 shares of the investment management company’s stock valued at $64,000 after buying an additional 5,000 shares during the period. Huntington National Bank grew its stake in shares of BlackRock Credit Allocation Income Trust by 458,000.0% in the 4th quarter. Huntington National Bank now owns 9,162 shares of the investment management company’s stock valued at $96,000 after buying an additional 9,160 shares during the period. Argentarii LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the 4th quarter valued at about $108,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the 4th quarter valued at about $110,000.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of BTZ opened at $10.71 on Tuesday. The stock has a 50-day moving average of $10.43 and a 200-day moving average of $10.62. BlackRock Credit Allocation Income Trust has a one year low of $9.54 and a one year high of $11.30.

BlackRock Credit Allocation Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.0839 per share. The ex-dividend date is Friday, June 13th. This represents a $1.01 dividend on an annualized basis and a yield of 9.40%.

BlackRock Credit Allocation Income Trust Company 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.