Allspring Global Investments Holdings LLC Sells 1,100 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 0.0% during the 1st quarter, Holdings Channel reports. The fund owned 3,807,459 shares of the investment management company’s stock after selling 1,100 shares during the period. Allspring Global Investments Holdings LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $40,702,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 1607 Capital Partners LLC grew its holdings in BlackRock Credit Allocation Income Trust by 14.5% during the 4th quarter. 1607 Capital Partners LLC now owns 562,466 shares of the investment management company’s stock worth $5,805,000 after acquiring an additional 71,100 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of BlackRock Credit Allocation Income Trust by 6.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 916,217 shares of the investment management company’s stock valued at $9,455,000 after buying an additional 53,833 shares during the last quarter. Mayflower Financial Advisors LLC purchased a new stake in shares of BlackRock Credit Allocation Income Trust during the fourth quarter valued at about $196,000. CTC Alternative Strategies Ltd. purchased a new stake in shares of BlackRock Credit Allocation Income Trust during the fourth quarter valued at about $148,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in shares of BlackRock Credit Allocation Income Trust during the fourth quarter valued at about $30,000.

BlackRock Credit Allocation Income Trust Price Performance

BTZ stock opened at $10.67 on Thursday. The firm has a 50-day simple moving average of $10.51 and a two-hundred day simple moving average of $10.57. BlackRock Credit Allocation Income Trust has a one year low of $9.10 and a one year high of $11.13.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be given a dividend of $0.0839 per share. This represents a $1.01 annualized dividend and a dividend yield of 9.44%. This is a positive change from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Monday, July 15th.

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.