D.A. Davidson & CO. Buys 2,489 Shares of BlackRock Credit Allocation Income Trust $BTZ

D.A. Davidson & CO. raised its holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 226,837 shares of the investment management company’s stock after buying an additional 2,489 shares during the quarter. D.A. Davidson & CO.’s holdings in BlackRock Credit Allocation Income Trust were worth $2,477,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Stratos Wealth Partners LTD. bought a new stake in shares of BlackRock Credit Allocation Income Trust in the 2nd quarter worth approximately $112,000. Elm3 Financial Group LLC grew its position in shares of BlackRock Credit Allocation Income Trust by 8.1% in the 2nd quarter. Elm3 Financial Group LLC now owns 13,400 shares of the investment management company’s stock worth $146,000 after buying an additional 1,000 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust in the 2nd quarter worth approximately $76,000. Riverbridge Partners LLC grew its position in shares of BlackRock Credit Allocation Income Trust by 3.5% in the 2nd quarter. Riverbridge Partners LLC now owns 65,486 shares of the investment management company’s stock worth $715,000 after buying an additional 2,218 shares during the last quarter. Finally, Stolper Co grew its position in shares of BlackRock Credit Allocation Income Trust by 6.5% in the 2nd quarter. Stolper Co now owns 80,493 shares of the investment management company’s stock worth $879,000 after buying an additional 4,944 shares during the last quarter.

BlackRock Credit Allocation Income Trust Trading Up 0.3%

Shares of BTZ stock opened at $11.15 on Friday. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.54 and a fifty-two week high of $11.18. The business’s 50 day moving average price is $11.03 and its 200-day moving average price is $10.81.

BlackRock Credit Allocation Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be given a $0.0839 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date is Wednesday, October 15th.

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.