Miller Financial Services LLC Makes New Investment in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Miller Financial Services LLC purchased a new stake in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 13,000 shares of the investment management company’s stock, valued at approximately $136,000.

Several other large investors have also made changes to their positions in BTZ. Kentucky Trust Co bought a new stake in BlackRock Credit Allocation Income Trust in the fourth quarter worth $28,000. Argentarii LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust during the 4th quarter worth about $108,000. Noble Wealth Management PBC acquired a new position in shares of BlackRock Credit Allocation Income Trust during the 4th quarter valued at about $110,000. Elm3 Financial Group LLC bought a new position in shares of BlackRock Credit Allocation Income Trust in the 4th quarter valued at approximately $130,000. Finally, Independent Advisor Alliance acquired a new stake in BlackRock Credit Allocation Income Trust in the 4th quarter worth approximately $140,000.

BlackRock Credit Allocation Income Trust Stock Down 0.8 %

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.62 on Wednesday. BlackRock Credit Allocation Income Trust has a 12-month low of $9.92 and a 12-month high of $11.30. The stock has a 50 day moving average price of $10.70 and a two-hundred day moving average price of $10.86.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.0839 per share. 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 9.48%. The ex-dividend date of this dividend is Friday, March 14th.

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.