BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Sold by Palogic Value Management L.P.

Palogic Value Management L.P. decreased its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 6.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 31,084 shares of the investment management company’s stock after selling 2,029 shares during the quarter. Palogic Value Management L.P.’s holdings in BlackRock Credit Allocation Income Trust were worth $325,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BTZ. HighTower Advisors LLC raised its stake in shares of BlackRock Credit Allocation Income Trust by 10.8% in the fourth quarter. HighTower Advisors LLC now owns 15,594 shares of the investment management company’s stock valued at $163,000 after acquiring an additional 1,514 shares in the last quarter. Kentucky Trust Co purchased a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter valued at about $28,000. Transcend Capital Advisors LLC raised its position in BlackRock Credit Allocation Income Trust by 4.6% in the fourth quarter. Transcend Capital Advisors LLC now owns 83,501 shares of the investment management company’s stock worth $873,000 after acquiring an additional 3,701 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of BlackRock Credit Allocation Income Trust by 27.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 20,776 shares of the investment management company’s stock valued at $217,000 after acquiring an additional 4,477 shares during the period. Finally, Affiance Financial LLC boosted its position in shares of BlackRock Credit Allocation Income Trust by 100.0% in the 4th 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 in the last quarter.

BlackRock Credit Allocation Income Trust Price Performance

Shares of BTZ stock opened at $10.67 on Friday. BlackRock Credit Allocation Income Trust has a twelve month low of $9.92 and a twelve month high of $11.30. The firm has a 50-day moving average price of $10.73 and a 200 day moving average price of $10.82.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.0839 dividend. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.44%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

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.