NINE MASTS CAPITAL Ltd purchased a new position in Blackrock Credit Allocation Income Trust (NYSE:BTZ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 13,400 shares of the investment management company’s stock, valued at approximately $180,000.

Several other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp bought a new stake in Blackrock Credit Allocation Income Trust during the 2nd quarter valued at about $156,000. BB&T Securities LLC bought a new stake in Blackrock Credit Allocation Income Trust during the 2nd quarter valued at about $158,000. Chicago Partners Investment Group LLC increased its stake in Blackrock Credit Allocation Income Trust by 990.7% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 21,204 shares of the investment management company’s stock valued at $281,000 after purchasing an additional 19,260 shares in the last quarter. IFP Advisors Inc increased its stake in Blackrock Credit Allocation Income Trust by 3.8% during the 2nd quarter. IFP Advisors Inc now owns 27,677 shares of the investment management company’s stock valued at $372,000 after purchasing an additional 1,014 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Blackrock Credit Allocation Income Trust by 14.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 28,337 shares of the investment management company’s stock valued at $381,000 after purchasing an additional 3,608 shares in the last quarter.

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Blackrock Credit Allocation Income Trust (NYSE BTZ) traded down 0.07% during mid-day trading on Friday, reaching $13.43. 94,773 shares of the company’s stock were exchanged. The company’s 50-day moving average is $13.43 and its 200 day moving average is $13.31. Blackrock Credit Allocation Income Trust has a one year low of $12.05 and a one year high of $13.60.

The company also recently announced a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.0705 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.85 dividend on an annualized basis and a yield of 6.30%.

Blackrock Credit Allocation Income Trust Company 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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