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

Rockefeller Capital Management L.P. cut its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 3.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 122,121 shares of the investment management company’s stock after selling 4,976 shares during the period. Rockefeller Capital Management L.P.’s holdings in BlackRock Credit Allocation Income Trust were worth $1,378,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Pin Oak Investment Advisors Inc. increased its position in shares of BlackRock Credit Allocation Income Trust by 25.7% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 59,583 shares of the investment management company’s stock worth $672,000 after purchasing an additional 12,165 shares during the last quarter. Private Trust Co. NA increased its holdings in BlackRock Credit Allocation Income Trust by 10,004.8% in the third quarter. Private Trust Co. NA now owns 75,180 shares of the investment management company’s stock valued at $848,000 after buying an additional 74,436 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its holdings in BlackRock Credit Allocation Income Trust by 25.6% in the third quarter. Horizon Kinetics Asset Management LLC now owns 51,023 shares of the investment management company’s stock valued at $576,000 after buying an additional 10,389 shares during the last quarter. Advisors Asset Management Inc. raised its stake in BlackRock Credit Allocation Income Trust by 0.8% during the third quarter. Advisors Asset Management Inc. now owns 382,831 shares of the investment management company’s stock valued at $4,318,000 after buying an additional 3,160 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in BlackRock Credit Allocation Income Trust by 1.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 259,111 shares of the investment management company’s stock worth $2,922,000 after buying an additional 3,353 shares during the last quarter.

BlackRock Credit Allocation Income Trust Trading Down 0.1 %

Shares of BTZ opened at $11.02 on Friday. BlackRock Credit Allocation Income Trust has a 52 week low of $9.92 and a 52 week high of $11.30. The stock has a 50 day moving average of $10.96 and a 200-day moving average of $10.86.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.0839 dividend. This represents a $1.01 dividend on an annualized basis and a yield of 9.14%. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

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.