Johnson Financial Group Inc. Sells 46,837 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Johnson Financial Group Inc. lessened its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 34.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,797 shares of the investment management company’s stock after selling 46,837 shares during the quarter. Johnson Financial Group Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $970,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BTZ. Kentucky Trust Co acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the 4th quarter worth approximately $28,000. Oarsman Capital Inc. boosted its stake in BlackRock Credit Allocation Income Trust by 460.8% in the fourth quarter. Oarsman Capital Inc. now owns 6,085 shares of the investment management company’s stock valued at $64,000 after acquiring an additional 5,000 shares during the last quarter. Huntington National Bank grew its holdings in BlackRock Credit Allocation Income Trust by 458,000.0% during the 4th quarter. Huntington National Bank now owns 9,162 shares of the investment management company’s stock worth $96,000 after acquiring an additional 9,160 shares during the period. Argentarii LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust during the 4th quarter valued at $108,000. Finally, Noble Wealth Management PBC acquired a new position in shares of BlackRock Credit Allocation Income Trust in the 4th quarter valued at $110,000.

BlackRock Credit Allocation Income Trust Stock Up 0.8 %

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.53 on Friday. The business has a fifty day simple moving average of $10.50 and a 200 day simple moving average of $10.69. BlackRock Credit Allocation Income Trust has a 12 month low of $9.54 and a 12 month high of $11.30.

BlackRock Credit Allocation Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a $0.0839 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.56%.

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.