Chemical Bank maintained its position in shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,000 shares of the investment management company’s stock at the end of the second quarter. Chemical Bank’s holdings in Blackrock Credit Allocation Income Trust were worth $188,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Blackrock Credit Allocation Income Trust in the second quarter valued at $1,165,000. Nwam LLC grew its stake in shares of Blackrock Credit Allocation Income Trust by 4.4% in the second quarter. Nwam LLC now owns 719,632 shares of the investment management company’s stock valued at $9,679,000 after acquiring an additional 30,526 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Blackrock Credit Allocation Income Trust by 14.6% in the second quarter. Janney Montgomery Scott LLC now owns 28,337 shares of the investment management company’s stock valued at $381,000 after acquiring an additional 3,608 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Blackrock Credit Allocation Income Trust by 990.7% in the second quarter. Chicago Partners Investment Group LLC now owns 21,204 shares of the investment management company’s stock valued at $281,000 after acquiring an additional 19,260 shares in the last quarter. Finally, Johnson Financial Group Inc. grew its stake in shares of Blackrock Credit Allocation Income Trust by 4.3% in the second quarter. Johnson Financial Group Inc. now owns 479,160 shares of the investment management company’s stock valued at $6,445,000 after acquiring an additional 19,962 shares in the last quarter.

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Blackrock Credit Allocation Income Trust (BTZ) opened at 13.43 on Monday. Blackrock Credit Allocation Income Trust has a 1-year low of $12.05 and a 1-year high of $13.60. The company has a 50 day moving average of $13.43 and a 200 day moving average of $13.31.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.0705 per share. This represents a $0.85 annualized dividend and a dividend yield of 6.30%. The ex-dividend date of this dividend is Thursday, September 14th.

About Blackrock Credit Allocation Income Trust

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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