Stifel Financial Corp Sells 1,213 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Stifel Financial Corp lowered its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 6.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,752 shares of the investment management company’s stock after selling 1,213 shares during the quarter. Stifel Financial Corp’s holdings in BlackRock Credit Allocation Income Trust were worth $189,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its stake in shares of BlackRock Credit Allocation Income Trust by 7.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 32,989 shares of the investment management company’s stock worth $353,000 after buying an additional 2,200 shares during the last quarter. Choreo LLC bought a new position in BlackRock Credit Allocation Income Trust in the second quarter valued at about $403,000. Stolper Co boosted its position in BlackRock Credit Allocation Income Trust by 1.7% in the second quarter. Stolper Co now owns 75,246 shares of the investment management company’s stock worth $806,000 after purchasing an additional 1,281 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of BlackRock Credit Allocation Income Trust by 2.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 255,758 shares of the investment management company’s stock valued at $2,739,000 after purchasing an additional 7,000 shares during the period. Finally, Creekside Partners purchased a new stake in shares of BlackRock Credit Allocation Income Trust during the 2nd quarter valued at about $156,000.

BlackRock Credit Allocation Income Trust Price Performance

BTZ opened at $10.42 on Tuesday. The company’s 50 day moving average is $10.82 and its 200 day moving average is $10.88. BlackRock Credit Allocation Income Trust has a 12-month low of $9.92 and a 12-month high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 16th were paid a dividend of $0.0839 per share. This represents a $1.01 annualized dividend and a dividend yield of 9.66%. The ex-dividend date was Monday, December 16th. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

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.