Palogic Value Management L.P. Sells 2,029 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Palogic Value Management L.P. trimmed its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 6.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,084 shares of the investment management company’s stock after selling 2,029 shares during the period. Palogic Value Management L.P.’s holdings in BlackRock Credit Allocation Income Trust were worth $325,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BTZ. Kentucky Trust Co bought a new stake in BlackRock Credit Allocation Income Trust in the 4th quarter worth approximately $28,000. Argentarii LLC purchased a new position in shares of BlackRock Credit Allocation Income Trust during the fourth quarter worth approximately $108,000. Noble Wealth Management PBC bought a new stake in BlackRock Credit Allocation Income Trust during the 4th quarter valued at $110,000. Elm3 Financial Group LLC purchased a new stake in BlackRock Credit Allocation Income Trust in the fourth quarter worth about $130,000. Finally, Miller Financial Services LLC purchased a new stake in BlackRock Credit Allocation Income Trust during the fourth quarter worth $136,000.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of BTZ opened at $10.67 on Friday. The company has a 50 day moving average of $10.73 and a two-hundred day moving average of $10.82. BlackRock Credit Allocation Income Trust has a twelve month low of $9.92 and a twelve month high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0839 per share. This represents a $1.01 annualized dividend and a yield of 9.44%. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. The ex-dividend date is Friday, March 14th.

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.