95,604 Shares in BlackRock Credit Allocation Income Trust (NYSE:BTZ) Purchased by Arcus Capital Partners LLC

Arcus Capital Partners LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 95,604 shares of the investment management company’s stock, valued at approximately $1,022,000.

Other large investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in shares of BlackRock Credit Allocation Income Trust by 1,018.1% during the third quarter. International Assets Investment Management LLC now owns 382,636 shares of the investment management company’s stock valued at $43,160,000 after buying an additional 348,414 shares during the last quarter. Ibex Wealth Advisors purchased a new position in BlackRock Credit Allocation Income Trust during the fourth quarter valued at $1,226,000. Private Trust Co. NA grew its stake in BlackRock Credit Allocation Income Trust by 10,004.8% during the third quarter. Private Trust Co. NA now owns 75,180 shares of the investment management company’s stock valued at $848,000 after acquiring an additional 74,436 shares in the last quarter. Capital Investment Advisors LLC increased its holdings in BlackRock Credit Allocation Income Trust by 5.3% in the 4th quarter. Capital Investment Advisors LLC now owns 1,004,445 shares of the investment management company’s stock valued at $10,506,000 after acquiring an additional 50,134 shares during the last quarter. Finally, Mezzasalma Advisors LLC purchased a new stake in BlackRock Credit Allocation Income Trust in the 4th quarter worth $358,000.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.84 on Friday. BlackRock Credit Allocation Income Trust has a twelve month low of $9.92 and a twelve month high of $11.30. The business has a 50-day moving average price of $10.68 and a 200-day moving average price of $10.87.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.0839 per share. This represents a $1.01 annualized dividend and a yield of 9.29%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost 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.