Readystate Asset Management LP Makes New Investment in BlackRock Credit Allocation Income Trust $BTZ

Readystate Asset Management LP acquired a new stake in BlackRock Credit Allocation Income Trust (NYSE:BTZFree Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 100,594 shares of the investment management company’s stock, valued at approximately $1,016,000.

Several other large investors also recently modified their holdings of BTZ. Sit Investment Associates Inc. lifted its stake in shares of BlackRock Credit Allocation Income Trust by 8.3% during the 4th quarter. Sit Investment Associates Inc. now owns 6,430,309 shares of the investment management company’s stock worth $69,640,000 after buying an additional 492,132 shares during the last quarter. Bank of America Corp DE raised its holdings in BlackRock Credit Allocation Income Trust by 7.3% in the 3rd quarter. Bank of America Corp DE now owns 4,904,167 shares of the investment management company’s stock valued at $54,191,000 after acquiring an additional 332,714 shares during the period. Guggenheim Capital LLC raised its holdings in BlackRock Credit Allocation Income Trust by 4.3% in the 4th quarter. Guggenheim Capital LLC now owns 1,989,430 shares of the investment management company’s stock valued at $21,546,000 after acquiring an additional 82,506 shares during the period. Raymond James Financial Inc. lifted its position in BlackRock Credit Allocation Income Trust by 2.5% during the third quarter. Raymond James Financial Inc. now owns 1,520,686 shares of the investment management company’s stock worth $16,804,000 after acquiring an additional 36,757 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in BlackRock Credit Allocation Income Trust by 1,891.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,513,798 shares of the investment management company’s stock worth $16,394,000 after acquiring an additional 1,437,794 shares during the last quarter.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of NYSE:BTZ opened at $9.94 on Thursday. BlackRock Credit Allocation Income Trust has a 12-month low of $9.70 and a 12-month high of $11.18. The business has a 50 day moving average of $10.14 and a 200-day moving average of $10.30.

BlackRock Credit Allocation Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0839 per share. This represents a c) annualized dividend and a yield of 10.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock Credit Allocation Income Trust Company Profile

(Free Report)

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.

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Institutional Ownership by Quarter for BlackRock Credit Allocation Income Trust (NYSE:BTZ)

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