Concurrent Investment Advisors LLC Increases Holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Concurrent Investment Advisors LLC grew its holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 27.5% during the fourth quarter, HoldingsChannel reports. The fund owned 20,776 shares of the investment management company’s stock after purchasing an additional 4,477 shares during the period. Concurrent Investment Advisors LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $217,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Kentucky Trust Co acquired a new position in BlackRock Credit Allocation Income Trust in the fourth quarter valued at approximately $28,000. Elm3 Financial Group LLC purchased a new stake in shares of BlackRock Credit Allocation Income Trust during the 4th quarter worth approximately $130,000. Janney Montgomery Scott LLC acquired a new position in shares of BlackRock Credit Allocation Income Trust in the 4th quarter valued at $162,000. Affiance Financial LLC boosted its holdings 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 valued at $209,000 after buying an additional 10,000 shares in the last quarter. Finally, Valley Brook Capital Group Inc. grew its position in shares of BlackRock Credit Allocation Income Trust by 7.7% in 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 buying an additional 1,570 shares during the last quarter.

BlackRock Credit Allocation Income Trust Price Performance

Shares of BTZ opened at $10.82 on Wednesday. BlackRock Credit Allocation Income Trust has a 1-year low of $9.92 and a 1-year high of $11.30. The firm has a fifty day moving average price of $10.65 and a 200 day moving average price of $10.87.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.0839 dividend. 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 dividend yield of 9.30%. The ex-dividend date is Friday, February 14th.

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.