Penserra Capital Management LLC Has $4.93 Million Holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Penserra Capital Management LLC cut its holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 65.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BTZ. Atticus Wealth Management LLC increased its holdings in shares of BlackRock Credit Allocation Income Trust by 196.4% during the 2nd quarter. Atticus Wealth Management LLC now owns 2,964 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,964 shares during the last quarter. Eastern Bank bought a new stake in BlackRock Credit Allocation Income Trust during the 3rd quarter valued at approximately $64,000. Lazard Asset Management LLC acquired a new stake in BlackRock Credit Allocation Income Trust in the 1st quarter valued at approximately $128,000. Cetera Advisors LLC bought a new position in BlackRock Credit Allocation Income Trust in the 1st quarter worth approximately $146,000. Finally, Creekside Partners bought a new position in BlackRock Credit Allocation Income Trust during the second quarter worth $156,000.

BlackRock Credit Allocation Income Trust Trading Up 1.0 %

NYSE BTZ opened at $10.86 on Monday. The firm has a 50-day simple moving average of $10.99 and a 200 day simple moving average of $10.83. BlackRock Credit Allocation Income Trust has a twelve month low of $9.88 and a twelve month 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 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 9.27%. The ex-dividend date is Friday, November 15th.

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.