Semus Wealth Partners LLC Lowers Stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Semus Wealth Partners LLC cut its position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 33.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,851 shares of the investment management company’s stock after selling 6,914 shares during the quarter. Semus Wealth Partners LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $156,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BTZ. International Assets Investment Management LLC grew its holdings in shares of BlackRock Credit Allocation Income Trust by 1,018.1% during the third quarter. International Assets Investment Management LLC now owns 382,636 shares of the investment management company’s stock worth $43,160,000 after buying an additional 348,414 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of BlackRock Credit Allocation Income Trust by 138.6% during the first quarter. Advisors Asset Management Inc. now owns 287,659 shares of the investment management company’s stock worth $3,075,000 after buying an additional 167,093 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of BlackRock Credit Allocation Income Trust by 3.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 3,948,185 shares of the investment management company’s stock worth $42,285,000 after buying an additional 140,726 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in shares of BlackRock Credit Allocation Income Trust by 5.2% during the third quarter. Capital Investment Advisors LLC now owns 954,311 shares of the investment management company’s stock worth $10,765,000 after buying an additional 47,124 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of BlackRock Credit Allocation Income Trust by 4.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 961,789 shares of the investment management company’s stock worth $10,301,000 after buying an additional 41,322 shares in the last quarter.

BlackRock Credit Allocation Income Trust Trading Down 1.1 %

Shares of NYSE BTZ opened at $10.75 on Monday. BlackRock Credit Allocation Income Trust has a 12 month low of $9.66 and a 12 month high of $11.30. The company has a 50-day simple moving average of $11.03 and a 200-day simple moving average of $10.82.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.0839 dividend. The ex-dividend date is Friday, November 15th. This is a boost 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 9.37%.

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.