GWN Securities Inc. Invests $463,000 in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

GWN Securities Inc. acquired a new position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 43,472 shares of the investment management company’s stock, valued at approximately $463,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in BlackRock Credit Allocation Income Trust during the fourth quarter worth $14,172,000. Ibex Wealth Advisors bought a new position in BlackRock Credit Allocation Income Trust during the fourth quarter worth $1,226,000. Arcus Capital Partners LLC bought a new position in BlackRock Credit Allocation Income Trust during the fourth quarter worth $1,022,000. Private Trust Co. NA increased its position 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 worth $848,000 after acquiring an additional 74,436 shares during the period. Finally, Capital Investment Advisors LLC increased its position in BlackRock Credit Allocation Income Trust by 5.3% during the fourth quarter. Capital Investment Advisors LLC now owns 1,004,445 shares of the investment management company’s stock worth $10,506,000 after acquiring an additional 50,134 shares during the period.

BlackRock Credit Allocation Income Trust Stock Down 0.2 %

Shares of BTZ stock opened at $10.57 on Monday. BlackRock Credit Allocation Income Trust has a 1 year low of $9.92 and a 1 year high of $11.30. The firm’s fifty day simple moving average is $10.71 and its 200 day simple moving average is $10.85.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.0839 dividend. This represents a $1.01 annualized dividend and a yield of 9.53%. The ex-dividend date is Friday, March 14th. This is a positive change 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.