Wolverine Asset Management LLC Takes Position in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Wolverine Asset Management LLC purchased a new position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 26,661 shares of the investment management company’s stock, valued at approximately $279,000.

Several other institutional investors also recently added to or reduced their stakes in BTZ. International Assets Investment Management LLC raised its position in BlackRock Credit Allocation Income Trust by 1,018.1% in the third quarter. International Assets Investment Management LLC now owns 382,636 shares of the investment management company’s stock worth $43,160,000 after acquiring an additional 348,414 shares during the period. Ibex Wealth Advisors bought a new stake in shares of BlackRock Credit Allocation Income Trust in the 4th quarter worth approximately $1,226,000. Arcus Capital Partners LLC purchased a new position in BlackRock Credit Allocation Income Trust in the fourth quarter valued at approximately $1,022,000. Private Trust Co. NA grew its holdings in BlackRock Credit Allocation Income Trust by 10,004.8% during the third quarter. Private Trust Co. NA now owns 75,180 shares of the investment management company’s stock valued at $848,000 after purchasing an additional 74,436 shares during the period. Finally, Capital Investment Advisors LLC increased its position in BlackRock Credit Allocation Income Trust by 5.3% in the fourth quarter. Capital Investment Advisors LLC now owns 1,004,445 shares of the investment management company’s stock worth $10,506,000 after buying an additional 50,134 shares during the last quarter.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of BTZ opened at $10.74 on Monday. BlackRock Credit Allocation Income Trust has a 1 year low of $9.92 and a 1 year high of $11.30. The stock’s fifty day moving average price is $10.65 and its two-hundred day moving average price is $10.87.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.0839 dividend. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. This represents a $1.01 dividend on an annualized basis and a yield of 9.38%. The ex-dividend date is Friday, February 14th.

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.