BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Break Below 200 Day Moving Average – Time to Sell?

Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ – Get Free Report) passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $10.06 and traded as low as $9.29. BlackRock Credit Allocation Income Trust shares last traded at $9.4150, with a volume of 410,402 shares trading hands.

BlackRock Credit Allocation Income Trust Trading Up 0.6%

The firm’s fifty day moving average price is $9.87 and its 200-day moving average price is $10.06.

BlackRock Credit Allocation Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be paid a dividend of $0.0839 per share. This represents a $1.01 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Investors Weigh In On BlackRock Credit Allocation Income Trust

Several large investors have recently made changes to their positions in the company. Ibex Wealth Advisors increased its position in BlackRock Credit Allocation Income Trust by 0.9% in the 1st quarter. Ibex Wealth Advisors now owns 108,640 shares of the investment management company’s stock valued at $1,097,000 after acquiring an additional 992 shares during the period. Alteri Wealth LLC boosted its position in BlackRock Credit Allocation Income Trust by 4.0% during the 4th quarter. Alteri Wealth LLC now owns 51,845 shares of the investment management company’s stock worth $561,000 after acquiring an additional 2,001 shares during the period. Fifth Third Bancorp acquired a new position in BlackRock Credit Allocation Income Trust during the 1st quarter worth $34,000. Waterfront Wealth Inc. grew its stake in shares of BlackRock Credit Allocation Income Trust by 4.0% in the first quarter. Waterfront Wealth Inc. now owns 116,422 shares of the investment management company’s stock worth $1,176,000 after purchasing an additional 4,510 shares in the last quarter. Finally, Stephens Inc. AR bought a new position in shares of BlackRock Credit Allocation Income Trust in the first quarter worth $106,000.

BlackRock Credit Allocation Income Trust Company Profile

(Get Free Report)

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored and managed by BlackRock, Inc The fund seeks to provide current income and, as a secondary objective, capital appreciation by investing in a diversified portfolio of credit-related fixed-income securities.

BTZ invests primarily in debt obligations issued by corporations and other organizations. Its portfolio may include investment-grade and below-investment-grade bonds, senior and subordinated debt, loans, and other credit instruments.

Further Reading

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