Mezzasalma Advisors LLC Takes Position in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Mezzasalma Advisors LLC acquired a new position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 34,258 shares of the investment management company’s stock, valued at approximately $358,000.

A number of other large investors have also modified their holdings of BTZ. Eastern Bank acquired a new position in shares of BlackRock Credit Allocation Income Trust during the third quarter worth approximately $64,000. Elm3 Financial Group LLC bought a new position in shares of BlackRock Credit Allocation Income Trust in the fourth quarter worth $130,000. Janney Montgomery Scott LLC bought a new position in shares of BlackRock Credit Allocation Income Trust in the fourth quarter worth $162,000. Affiance Financial LLC increased its holdings in shares of BlackRock Credit Allocation Income Trust by 100.0% during the fourth quarter. Affiance Financial LLC now owns 20,000 shares of the investment management company’s stock valued at $209,000 after purchasing an additional 10,000 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in BlackRock Credit Allocation Income Trust in the second quarter worth about $241,000.

BlackRock Credit Allocation Income Trust Price Performance

BlackRock Credit Allocation Income Trust stock opened at $10.90 on Friday. 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 moving average price is $10.69 and its two-hundred day moving average price is $10.87.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.0839 per share. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.24%. The ex-dividend date is Friday, February 14th. This is a positive change from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

BlackRock Credit Allocation Income Trust Company 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.