Physician Wealth Advisors Inc. Has $105,000 Stock Holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Physician Wealth Advisors Inc. decreased its stake in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 15.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,000 shares of the investment management company’s stock after selling 1,845 shares during the period. Physician Wealth Advisors Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $105,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust during the fourth quarter worth approximately $162,000. Raymond James Financial Inc. bought a new stake in BlackRock Credit Allocation Income Trust in the 4th quarter valued at $14,172,000. Wolverine Asset Management LLC acquired a new position in BlackRock Credit Allocation Income Trust in the 4th quarter valued at $279,000. Miller Financial Services LLC bought a new position in BlackRock Credit Allocation Income Trust during the 4th quarter worth $136,000. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of BlackRock Credit Allocation Income Trust by 27.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 20,776 shares of the investment management company’s stock worth $217,000 after buying an additional 4,477 shares in the last quarter.

BlackRock Credit Allocation Income Trust Stock Performance

BTZ stock opened at $10.67 on Monday. BlackRock Credit Allocation Income Trust has a 52 week low of $9.92 and a 52 week high of $11.30. The company’s 50-day simple moving average is $10.73 and its 200 day simple moving average is $10.82.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0839 per share. The ex-dividend date is Friday, March 14th. This is a boost 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 9.44%.

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.