Johnson Financial Group Inc. Takes Position in BlackRock Credit Allocation Income Trust $BTZ

Johnson Financial Group Inc. acquired a new position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 53,707 shares of the investment management company’s stock, valued at approximately $549,000.

Several other large investors have also recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in BlackRock Credit Allocation Income Trust by 1.4% in the first quarter. Royal Bank of Canada now owns 889,121 shares of the investment management company’s stock valued at $9,531,000 after acquiring an additional 12,607 shares during the period. Jane Street Group LLC grew its stake in shares of BlackRock Credit Allocation Income Trust by 56.9% during the 1st quarter. Jane Street Group LLC now owns 17,799 shares of the investment management company’s stock worth $191,000 after purchasing an additional 6,455 shares during the period. Franklin Resources Inc. purchased a new position in shares of BlackRock Credit Allocation Income Trust in the 2nd quarter valued at about $167,000. First Trust Advisors LP increased its holdings in shares of BlackRock Credit Allocation Income Trust by 3.6% in the 2nd quarter. First Trust Advisors LP now owns 88,168 shares of the investment management company’s stock valued at $963,000 after purchasing an additional 3,052 shares in the last quarter. Finally, Cresset Asset Management LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the second quarter valued at about $132,000.

BlackRock Credit Allocation Income Trust Trading Up 1.3%

Shares of NYSE BTZ opened at $10.32 on Thursday. BlackRock Credit Allocation Income Trust has a 52 week low of $9.70 and a 52 week high of $11.18. The firm has a 50-day moving average price of $10.15 and a 200 day moving average price of $10.25.

BlackRock Credit Allocation Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0839 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date is Tuesday, September 15th.

About BlackRock Credit Allocation Income Trust

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.