Private Trust Co. NA Grows Stock Position in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Private Trust Co. NA increased its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 60.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 120,820 shares of the investment management company’s stock after buying an additional 45,640 shares during the quarter. Private Trust Co. NA’s holdings in BlackRock Credit Allocation Income Trust were worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in BTZ. Valley Brook Capital Group Inc. grew its stake in shares of BlackRock Credit Allocation Income Trust by 7.7% in the third quarter. Valley Brook Capital Group Inc. now owns 21,946 shares of the investment management company’s stock valued at $248,000 after buying an additional 1,570 shares in the last quarter. Fiera Capital Corp grew its stake in shares of BlackRock Credit Allocation Income Trust by 6.4% in the third quarter. Fiera Capital Corp now owns 174,503 shares of the investment management company’s stock valued at $1,968,000 after buying an additional 10,475 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of BlackRock Credit Allocation Income Trust by 1.3% in the third quarter. Thrivent Financial for Lutherans now owns 259,111 shares of the investment management company’s stock valued at $2,922,000 after buying an additional 3,353 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of BlackRock Credit Allocation Income Trust by 0.8% in the third quarter. Advisors Asset Management Inc. now owns 382,831 shares of the investment management company’s stock valued at $4,318,000 after buying an additional 3,160 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC grew its stake in shares of BlackRock Credit Allocation Income Trust by 25.6% in the third quarter. Horizon Kinetics Asset Management LLC now owns 51,023 shares of the investment management company’s stock valued at $576,000 after buying an additional 10,389 shares in the last quarter.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of NYSE BTZ opened at $10.85 on Friday. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.92 and a fifty-two week high of $11.30. The business has a 50 day moving average price of $10.66 and a two-hundred day moving average price of $10.87.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.0839 per share. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. This represents a $1.01 annualized dividend and a yield of 9.28%.

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.