Mezzasalma Advisors LLC Makes New $358,000 Investment in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Mezzasalma Advisors LLC bought a new position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 34,258 shares of the investment management company’s stock, valued at approximately $358,000.

Other institutional investors have also made changes to their positions in the company. Eastern Bank acquired a new position in BlackRock Credit Allocation Income Trust in the 3rd quarter worth approximately $64,000. Elm3 Financial Group LLC purchased a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter valued at $130,000. Janney Montgomery Scott LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter worth $162,000. Affiance Financial LLC boosted its position in shares of BlackRock Credit Allocation Income Trust by 100.0% in the fourth quarter. Affiance Financial LLC now owns 20,000 shares of the investment management company’s stock worth $209,000 after buying an additional 10,000 shares during the period. Finally, Valley Brook Capital Group Inc. grew its holdings in shares of BlackRock Credit Allocation Income Trust by 7.7% during 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.

BlackRock Credit Allocation Income Trust Price Performance

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.90 on Friday. BlackRock Credit Allocation Income Trust has a 1 year low of $9.92 and a 1 year high of $11.30. The stock has a 50-day moving average price of $10.69 and a 200 day moving average price of $10.87.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.0839 per share. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. This represents a $1.01 annualized dividend and a dividend yield of 9.24%. The ex-dividend date is Friday, February 14th.

BlackRock Credit Allocation Income Trust 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.