Wolverine Asset Management LLC Purchases Shares of 26,661 BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Wolverine Asset Management LLC purchased a new position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 26,661 shares of the investment management company’s stock, valued at approximately $279,000.

Several other hedge funds have also recently made changes to their positions in BTZ. Janney Montgomery Scott LLC acquired a new stake in BlackRock Credit Allocation Income Trust during the fourth quarter worth approximately $162,000. International Assets Investment Management LLC boosted its holdings in shares of BlackRock Credit Allocation Income Trust by 1,018.1% during the 3rd quarter. International Assets Investment Management LLC now owns 382,636 shares of the investment management company’s stock worth $43,160,000 after buying an additional 348,414 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its holdings in shares of BlackRock Credit Allocation Income Trust by 25.6% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 51,023 shares of the investment management company’s stock worth $576,000 after buying an additional 10,389 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of BlackRock Credit Allocation Income Trust by 0.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 382,831 shares of the investment management company’s stock worth $4,318,000 after buying an additional 3,160 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of BlackRock Credit Allocation Income Trust by 1.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 259,111 shares of the investment management company’s stock valued at $2,922,000 after acquiring an additional 3,353 shares in the last quarter.

BlackRock Credit Allocation Income Trust Price Performance

Shares of NYSE BTZ opened at $10.74 on Monday. The company’s fifty day simple moving average is $10.65 and its 200 day simple moving average is $10.87. BlackRock Credit Allocation Income Trust has a 12-month low of $9.92 and a 12-month high of $11.30.

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 paid a $0.0839 dividend. The ex-dividend date of this dividend is Friday, February 14th. 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 9.38%.

BlackRock Credit Allocation Income Trust 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.