Thrivent Financial for Lutherans Acquires 3,353 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Thrivent Financial for Lutherans increased its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 1.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 259,111 shares of the investment management company’s stock after purchasing an additional 3,353 shares during the quarter. Thrivent Financial for Lutherans’ holdings in BlackRock Credit Allocation Income Trust were worth $2,922,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new position in BlackRock Credit Allocation Income Trust during the first quarter valued at approximately $128,000. Cetera Advisors LLC bought a new position in BlackRock Credit Allocation Income Trust in the 1st quarter worth $146,000. Capital Investment Advisors LLC increased its stake in BlackRock Credit Allocation Income Trust by 5.2% in the 2nd quarter. Capital Investment Advisors LLC now owns 907,187 shares of the investment management company’s stock worth $9,716,000 after buying an additional 44,997 shares in the last quarter. Atticus Wealth Management LLC raised its holdings in BlackRock Credit Allocation Income Trust by 196.4% during the second quarter. Atticus Wealth Management LLC now owns 2,964 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,964 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of BlackRock Credit Allocation Income Trust by 4.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 961,789 shares of the investment management company’s stock valued at $10,301,000 after acquiring an additional 41,322 shares in the last quarter.

BlackRock Credit Allocation Income Trust Trading Up 0.2 %

NYSE:BTZ opened at $10.92 on Wednesday. The stock has a 50-day moving average price of $10.99 and a 200 day moving average price of $10.83. BlackRock Credit Allocation Income Trust has a 12-month low of $9.90 and a 12-month high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.0839 per share. The ex-dividend date is Friday, November 15th. This represents a $1.01 annualized dividend and a dividend yield of 9.22%. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

BlackRock Credit Allocation Income Trust 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.