Horizon Kinetics Asset Management LLC Buys 10,389 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Horizon Kinetics Asset Management LLC raised its position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 25.6% during the third quarter, HoldingsChannel reports. The firm owned 51,023 shares of the investment management company’s stock after purchasing an additional 10,389 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $576,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in shares of BlackRock Credit Allocation Income Trust by 3.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,948,185 shares of the investment management company’s stock valued at $42,285,000 after purchasing an additional 140,726 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in BlackRock Credit Allocation Income Trust by 4.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 961,789 shares of the investment management company’s stock worth $10,301,000 after buying an additional 41,322 shares in the last quarter. Capital Investment Advisors LLC grew its position in BlackRock Credit Allocation Income Trust by 5.2% during the third quarter. Capital Investment Advisors LLC now owns 954,311 shares of the investment management company’s stock valued at $10,765,000 after acquiring an additional 47,124 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of BlackRock Credit Allocation Income Trust by 0.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 382,831 shares of the investment management company’s stock worth $4,318,000 after acquiring an additional 3,160 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of BlackRock Credit Allocation Income Trust by 1,018.1% in the 3rd quarter. International Assets Investment Management LLC now owns 382,636 shares of the investment management company’s stock valued at $43,160,000 after purchasing an additional 348,414 shares in the last quarter.

BlackRock Credit Allocation Income Trust Trading Up 0.3 %

Shares of NYSE:BTZ opened at $10.89 on Tuesday. The company’s fifty day moving average is $10.99 and its 200 day moving average is $10.83. BlackRock Credit Allocation Income Trust has a 52 week low of $9.90 and a 52 week high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.0839 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.01 annualized dividend and a dividend yield of 9.25%. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

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.