SMH Capital Advisors Inc. Acquires New Holdings in Blackrock Credit Allocation Income Trust (BTZ)

SMH Capital Advisors Inc. purchased a new position in 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. The fund purchased 16,838 shares of the investment management company’s stock, valued at approximately $224,000. Blackrock Credit Allocation Income Trust comprises about 0.4% of SMH Capital Advisors Inc.’s holdings, making the stock its 23rd biggest position.

Several other large investors also recently modified their holdings of the stock. Wells Fargo & Company MN boosted its holdings in shares of Blackrock Credit Allocation Income Trust by 12.0% in the 3rd quarter. Wells Fargo & Company MN now owns 12,803,025 shares of the investment management company’s stock worth $173,738,000 after buying an additional 1,371,310 shares during the last quarter. Sit Investment Associates Inc. boosted its holdings in shares of Blackrock Credit Allocation Income Trust by 2.2% in the 4th quarter. Sit Investment Associates Inc. now owns 3,715,994 shares of the investment management company’s stock worth $49,497,000 after buying an additional 79,381 shares during the last quarter. Karpus Management Inc. boosted its holdings in shares of Blackrock Credit Allocation Income Trust by 7.3% in the 3rd quarter. Karpus Management Inc. now owns 3,445,913 shares of the investment management company’s stock worth $46,761,000 after buying an additional 234,601 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Blackrock Credit Allocation Income Trust by 9.5% in the 2nd quarter. Royal Bank of Canada now owns 894,171 shares of the investment management company’s stock worth $12,027,000 after buying an additional 77,693 shares during the last quarter. Finally, Nwam LLC boosted its holdings in shares of Blackrock Credit Allocation Income Trust by 5.1% in the 3rd quarter. Nwam LLC now owns 756,129 shares of the investment management company’s stock worth $10,261,000 after buying an additional 36,497 shares during the last quarter.

Blackrock Credit Allocation Income Trust (BTZ) traded up $0.06 during midday trading on Monday, reaching $12.71. 155,900 shares of the company’s stock traded hands, compared to its average volume of 318,609. Blackrock Credit Allocation Income Trust has a 1-year low of $12.57 and a 1-year high of $13.66.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.067 per share. This represents a $0.80 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend is Wednesday, February 14th.

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Blackrock Credit Allocation Income Trust Profile

BlackRock Credit Allocation Income Trust (the Trust) is a non-diversified closed-end management investment company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in industries, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.

Institutional Ownership by Quarter for Blackrock Credit Allocation Income Trust (NYSE:BTZ)

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