BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Bought by Sit Investment Associates Inc.

Sit Investment Associates Inc. lifted its stake in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 4.3% during the fourth quarter, Holdings Channel reports. The fund owned 5,161,376 shares of the investment management company’s stock after purchasing an additional 213,986 shares during the quarter. BlackRock Credit Allocation Income Trust comprises 1.2% of Sit Investment Associates Inc.’s portfolio, making the stock its 12th biggest holding. Sit Investment Associates Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $53,988,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its stake in shares of BlackRock Credit Allocation Income Trust by 10.8% during 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. Kentucky Trust Co purchased a new position in shares of BlackRock Credit Allocation Income Trust during the fourth quarter valued at approximately $28,000. Transcend Capital Advisors LLC boosted its position in BlackRock Credit Allocation Income Trust by 4.6% during 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 during the last quarter. Concurrent Investment Advisors LLC grew its stake in BlackRock Credit Allocation Income Trust by 27.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 20,776 shares of the investment management company’s stock worth $217,000 after acquiring an additional 4,477 shares during the period. Finally, Oarsman Capital Inc. raised its holdings in BlackRock Credit Allocation Income Trust by 460.8% in the 4th quarter. Oarsman Capital Inc. now owns 6,085 shares of the investment management company’s stock valued at $64,000 after acquiring an additional 5,000 shares during the last quarter.

BlackRock Credit Allocation Income Trust Stock Performance

BTZ opened at $10.14 on Friday. BlackRock Credit Allocation Income Trust has a 12 month low of $9.92 and a 12 month high of $11.30. The business has a 50-day moving average of $10.73 and a two-hundred day moving average of $10.81.

BlackRock Credit Allocation Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $0.0839 per share. This represents a $1.01 annualized dividend and a yield of 9.93%. The ex-dividend date is Tuesday, April 15th.

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.