BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC lessened its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 65.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 437,420 shares of the investment management company’s stock after selling 830,555 shares during the period. Penserra Capital Management LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $4,934,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised 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 valued at $42,285,000 after acquiring an additional 140,726 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust during the first quarter valued at about $128,000. Creekside Partners acquired a new stake in BlackRock Credit Allocation Income Trust in the second quarter worth about $156,000. Raymond James Financial Services Advisors Inc. grew its position in BlackRock Credit Allocation Income Trust by 4.5% in the 2nd 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 buying an additional 41,322 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in BlackRock Credit Allocation Income Trust by 7.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 32,989 shares of the investment management company’s stock valued at $353,000 after buying an additional 2,200 shares during the period.

BlackRock Credit Allocation Income Trust Stock Performance

BTZ stock opened at $10.86 on Monday. The firm’s 50-day moving average is $10.99 and its two-hundred day moving average is $10.83. BlackRock Credit Allocation Income Trust has a 52 week low of $9.88 and a 52 week high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.0839 per share. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.01 annualized dividend and a yield of 9.27%.

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.