Cambridge Investment Research Advisors Inc. bought a new position in Blackrock Credit Allocation Income Trust (NYSE:BTZ) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 86,617 shares of the investment management company’s stock, valued at approximately $1,165,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BTZ. Nwam LLC boosted its stake in Blackrock Credit Allocation Income Trust by 4.4% in the 2nd quarter. Nwam LLC now owns 719,632 shares of the investment management company’s stock worth $9,679,000 after purchasing an additional 30,526 shares during the period. Chicago Partners Investment Group LLC boosted its stake in Blackrock Credit Allocation Income Trust by 990.7% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 21,204 shares of the investment management company’s stock worth $281,000 after purchasing an additional 19,260 shares during the period. BB&T Securities LLC acquired a new position in Blackrock Credit Allocation Income Trust in the 2nd quarter worth $158,000. Bank of New York Mellon Corp acquired a new position in Blackrock Credit Allocation Income Trust in the 2nd quarter worth $156,000. Finally, Wedbush Securities Inc. boosted its stake in Blackrock Credit Allocation Income Trust by 4.4% in the 2nd quarter. Wedbush Securities Inc. now owns 119,253 shares of the investment management company’s stock worth $1,604,000 after purchasing an additional 5,065 shares during the period.

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Blackrock Credit Allocation Income Trust (NYSE:BTZ) opened at 13.49 on Monday. Blackrock Credit Allocation Income Trust has a 52 week low of $12.05 and a 52 week high of $13.60. The company has a 50-day moving average of $13.43 and a 200-day moving average of $13.29.

The business also recently declared a monthly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were issued a $0.071 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date was Friday, August 11th.

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.

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

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