Chicago Partners Investment Group LLC boosted its position in shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 51.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 13,951 shares of the investment management company’s stock after acquiring an additional 4,735 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Blackrock Credit Allocation Income Trust were worth $163,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BTZ. We Are One Seven LLC purchased a new position in shares of Blackrock Credit Allocation Income Trust during the 3rd quarter valued at about $201,000. SMH Capital Advisors Inc. raised its stake in shares of Blackrock Credit Allocation Income Trust by 28.5% during the 3rd quarter. SMH Capital Advisors Inc. now owns 23,359 shares of the investment management company’s stock valued at $286,000 after buying an additional 5,177 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of Blackrock Credit Allocation Income Trust by 21.0% during the 2nd quarter. Wedbush Securities Inc. now owns 25,202 shares of the investment management company’s stock valued at $304,000 after buying an additional 4,381 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Blackrock Credit Allocation Income Trust by 34.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 38,490 shares of the investment management company’s stock valued at $471,000 after buying an additional 9,922 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Blackrock Credit Allocation Income Trust by 92.7% during the 1st quarter. Millennium Management LLC now owns 41,445 shares of the investment management company’s stock valued at $525,000 after buying an additional 19,942 shares during the last quarter.

NYSE BTZ opened at $11.87 on Friday. Blackrock Credit Allocation Income Trust has a fifty-two week low of $11.65 and a fifty-two week high of $13.51.

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.067 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.77%.

TRADEMARK VIOLATION WARNING: This news story was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://theolympiareport.com/2018/11/11/chicago-partners-investment-group-llc-raises-holdings-in-blackrock-credit-allocation-income-trust-btz.html.

About Blackrock Credit Allocation Income Trust

There is no company description available for BlackRock Credit Allocation Income Trust.

Featured Story: Diversification

Want to see what other hedge funds are holding BTZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackrock Credit Allocation Income Trust (NYSE:BTZ).

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

Receive News & Ratings for Blackrock Credit Allocation Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock Credit Allocation Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.