GWN Securities Inc. Invests $463,000 in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

GWN Securities Inc. bought a new position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 43,472 shares of the investment management company’s stock, valued at approximately $463,000.

Several other large investors have also made changes to their positions in the company. Rareview Capital LLC grew its holdings in shares of BlackRock Credit Allocation Income Trust by 9.9% in the 4th quarter. Rareview Capital LLC now owns 156,604 shares of the investment management company’s stock worth $1,766,000 after purchasing an additional 14,086 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of BlackRock Credit Allocation Income Trust by 10.8% in the 4th quarter. HighTower Advisors LLC now owns 15,594 shares of the investment management company’s stock worth $163,000 after purchasing an additional 1,514 shares during the last quarter. Miller Financial Services LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust in the 4th quarter worth about $136,000. Independent Advisor Alliance bought a new stake in shares of BlackRock Credit Allocation Income Trust in the 4th quarter worth about $140,000. Finally, Sowell Financial Services LLC lifted its position in BlackRock Credit Allocation Income Trust by 5.1% during the 4th quarter. Sowell Financial Services LLC now owns 660,122 shares of the investment management company’s stock worth $6,905,000 after buying an additional 32,113 shares in the last quarter.

BlackRock Credit Allocation Income Trust Trading Down 0.2 %

Shares of NYSE BTZ opened at $10.57 on Monday. The firm’s 50-day simple moving average is $10.71 and its 200 day simple moving average is $10.85. BlackRock Credit Allocation Income Trust has a 12-month low of $9.92 and a 12-month high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.0839 per share. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. The ex-dividend date is Friday, March 14th. This represents a $1.01 annualized dividend and a yield of 9.53%.

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.