International Assets Investment Management LLC Sells 351,716 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

International Assets Investment Management LLC reduced its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 91.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,920 shares of the investment management company’s stock after selling 351,716 shares during the period. International Assets Investment Management LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Eastern Bank acquired a new position in shares of BlackRock Credit Allocation Income Trust in the 3rd quarter worth approximately $64,000. Creekside Partners acquired a new position in shares of BlackRock Credit Allocation Income Trust in the 2nd quarter worth approximately $156,000. Valley Brook Capital Group Inc. boosted its holdings 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 worth $248,000 after acquiring an additional 1,570 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of BlackRock Credit Allocation Income Trust in the 2nd quarter worth approximately $241,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of BlackRock Credit Allocation Income Trust by 7.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 32,989 shares of the investment management company’s stock worth $353,000 after acquiring an additional 2,200 shares in the last quarter.

BlackRock Credit Allocation Income Trust Stock Down 0.4 %

NYSE:BTZ opened at $10.48 on Monday. The stock’s fifty day moving average price is $10.76 and its two-hundred day moving average price is $10.87. BlackRock Credit Allocation Income Trust has a 52-week low of $9.92 and a 52-week high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.0839 per share. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.01 annualized dividend and a yield of 9.61%.

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.