StoneX Group Inc. Buys Shares of 64,808 BlackRock Credit Allocation Income Trust (NYSE:BTZ)

StoneX Group Inc. bought a new position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 64,808 shares of the investment management company’s stock, valued at approximately $678,000.

A number of other large investors also recently modified their holdings of the business. Capital Investment Advisors LLC boosted its position in BlackRock Credit Allocation Income Trust by 5.3% during the 4th quarter. Capital Investment Advisors LLC now owns 1,004,445 shares of the investment management company’s stock valued at $10,506,000 after purchasing an additional 50,134 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of BlackRock Credit Allocation Income Trust during the fourth quarter valued at $162,000. Affiance Financial LLC grew its position in shares of BlackRock Credit Allocation Income Trust by 100.0% during the fourth quarter. Affiance Financial LLC now owns 20,000 shares of the investment management company’s stock worth $209,000 after acquiring an additional 10,000 shares during the last quarter. Ibex Wealth Advisors acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the 4th quarter worth about $1,226,000. Finally, Elm3 Financial Group LLC bought a new stake in BlackRock Credit Allocation Income Trust in the 4th quarter valued at about $130,000.

BlackRock Credit Allocation Income Trust Price Performance

BlackRock Credit Allocation Income Trust stock opened at $10.73 on Thursday. The firm has a 50-day moving average price of $10.74 and a two-hundred day moving average price of $10.81. 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 firm also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.0839 dividend. 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 yield of 9.38%. The ex-dividend date was Friday, March 14th.

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.