D.A. Davidson & CO. Sells 1,211 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

D.A. Davidson & CO. decreased its stake in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,390 shares of the investment management company’s stock after selling 1,211 shares during the period. D.A. Davidson & CO.’s holdings in BlackRock Credit Allocation Income Trust were worth $2,138,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Valley Brook Capital Group Inc. increased its position in shares of BlackRock Credit Allocation Income Trust by 7.7% during the third 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. Kentucky Trust Co bought a new stake in shares of BlackRock Credit Allocation Income Trust during the fourth quarter worth $28,000. Advisors Asset Management Inc. increased its position in shares of BlackRock Credit Allocation Income Trust by 0.8% during the third 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 in the last quarter. Thrivent Financial for Lutherans increased its position in shares of BlackRock Credit Allocation Income Trust by 1.3% during the third quarter. Thrivent Financial for Lutherans now owns 259,111 shares of the investment management company’s stock worth $2,922,000 after acquiring an additional 3,353 shares in the last quarter. Finally, Eastern Bank bought a new stake in shares of BlackRock Credit Allocation Income Trust during the third quarter worth $64,000.

BlackRock Credit Allocation Income Trust Price Performance

Shares of BTZ stock opened at $10.74 on Friday. The firm has a fifty day moving average of $10.65 and a 200-day moving average of $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 firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.0839 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.01 dividend on an annualized basis and a yield of 9.38%. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

About BlackRock Credit Allocation Income Trust

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.