26,458 Shares in BlackRock Credit Allocation Income Trust (NYSE:BTZ) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) in the 4th quarter, Holdings Channel reports. The fund bought 26,458 shares of the investment management company’s stock, valued at approximately $273,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BTZ. McGlone Suttner Wealth Management Inc. purchased a new stake in BlackRock Credit Allocation Income Trust during the 4th quarter valued at approximately $30,000. Parallel Advisors LLC purchased a new stake in BlackRock Credit Allocation Income Trust during the 4th quarter valued at approximately $57,000. Tyche Wealth Partners LLC purchased a new stake in BlackRock Credit Allocation Income Trust during the 4th quarter valued at approximately $114,000. Investment Partners Asset Management Inc. purchased a new stake in BlackRock Credit Allocation Income Trust during the 4th quarter valued at approximately $125,000. Finally, CTC Alternative Strategies Ltd. purchased a new stake in BlackRock Credit Allocation Income Trust during the 4th quarter valued at approximately $148,000.

BlackRock Credit Allocation Income Trust Stock Performance

NYSE:BTZ opened at $10.61 on Friday. BlackRock Credit Allocation Income Trust has a twelve month low of $9.10 and a twelve month high of $11.13. The stock has a fifty day simple moving average of $10.42 and a 200-day simple moving average of $10.56.

BlackRock Credit Allocation Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.084 per share. The ex-dividend date is Friday, June 14th. This represents a $1.01 annualized dividend and a dividend yield of 9.50%.

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.