Pin Oak Investment Advisors Inc. Buys 12,165 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Pin Oak Investment Advisors Inc. boosted its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 25.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,583 shares of the investment management company’s stock after buying an additional 12,165 shares during the quarter. Pin Oak Investment Advisors Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $672,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC grew its position in shares of BlackRock Credit Allocation Income Trust by 1,018.1% in the 3rd 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 during the last quarter. Allspring Global Investments Holdings LLC grew its stake in BlackRock Credit Allocation Income Trust by 3.7% during the 2nd 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 during the last quarter. Private Trust Co. NA increased its position in BlackRock Credit Allocation Income Trust by 10,004.8% during the 3rd quarter. Private Trust Co. NA now owns 75,180 shares of the investment management company’s stock valued at $848,000 after buying an additional 74,436 shares in the last quarter. Capital Investment Advisors LLC raised its stake in BlackRock Credit Allocation Income Trust by 5.2% in the third quarter. Capital Investment Advisors LLC now owns 954,311 shares of the investment management company’s stock valued at $10,765,000 after buying an additional 47,124 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in 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 worth $10,301,000 after acquiring an additional 41,322 shares in the last quarter.

BlackRock Credit Allocation Income Trust Stock Up 0.6 %

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.97 on Thursday. The company has a 50 day moving average price of $10.98 and a 200 day moving average price of $10.84. BlackRock Credit Allocation Income Trust has a 52 week low of $9.92 and a 52 week 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 issued a dividend of $0.0839 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.18%.

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.