BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Purchased by Fiera Capital Corp

Fiera Capital Corp lifted its position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 174,503 shares of the investment management company’s stock after purchasing an additional 10,475 shares during the quarter. Fiera Capital Corp’s holdings in BlackRock Credit Allocation Income Trust were worth $1,968,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Stolper Co raised its stake in BlackRock Credit Allocation Income Trust by 1.7% during the 2nd quarter. Stolper Co now owns 75,246 shares of the investment management company’s stock valued at $806,000 after acquiring an additional 1,281 shares during the last quarter. Valley Brook Capital Group Inc. raised its stake in BlackRock Credit Allocation Income Trust by 7.7% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 21,946 shares of the investment management company’s stock valued at $248,000 after acquiring an additional 1,570 shares during the last quarter. Atticus Wealth Management LLC raised its stake in BlackRock Credit Allocation Income Trust by 196.4% during the 2nd quarter. Atticus Wealth Management LLC now owns 2,964 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,964 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in BlackRock Credit Allocation Income Trust by 7.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 32,989 shares of the investment management company’s stock valued at $353,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Eastern Bank purchased a new stake in BlackRock Credit Allocation Income Trust during the 3rd quarter valued at approximately $64,000.

BlackRock Credit Allocation Income Trust Stock Up 0.4 %

BTZ opened at $11.06 on Friday. The business has a 50 day moving average price of $11.04 and a two-hundred day moving average price of $10.79. BlackRock Credit Allocation Income Trust has a 52 week low of $9.42 and a 52 week high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.0839 per share. The ex-dividend date of this dividend is Friday, November 15th. 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 9.10%.

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.