ProVise Management Group LLC Sells 8,180 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

ProVise Management Group LLC cut its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 39.4% during the fourth quarter, Holdings Channel reports. The fund owned 12,560 shares of the investment management company’s stock after selling 8,180 shares during the period. ProVise Management Group LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $131,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BTZ. Raymond James Financial Inc. acquired a new position in shares of BlackRock Credit Allocation Income Trust in the 4th quarter valued at $14,172,000. Ibex Wealth Advisors acquired a new position in shares of BlackRock Credit Allocation Income Trust in the 4th quarter valued at $1,226,000. Arcus Capital Partners LLC acquired a new position in shares of BlackRock Credit Allocation Income Trust in the 4th quarter valued at $1,022,000. Private Trust Co. NA lifted its stake in shares of BlackRock Credit Allocation Income Trust by 10,004.8% in the 3rd quarter. Private Trust Co. NA now owns 75,180 shares of the investment management company’s stock valued at $848,000 after purchasing an additional 74,436 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in shares of BlackRock Credit Allocation Income Trust by 13.4% in the 4th quarter. Advisors Asset Management Inc. now owns 434,253 shares of the investment management company’s stock valued at $4,542,000 after purchasing an additional 51,422 shares during the period.

BlackRock Credit Allocation Income Trust Price Performance

BTZ stock opened at $10.64 on Thursday. The business’s fifty day moving average is $10.71 and its 200-day moving average is $10.84. 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. Investors 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 9.47%. The ex-dividend date is Friday, March 14th. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

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.