AE Wealth Management LLC grew its position in shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 18.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,831 shares of the investment management company’s stock after buying an additional 7,144 shares during the quarter. AE Wealth Management LLC’s holdings in Blackrock Credit Allocation Income Trust were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Advisory Services Network LLC grew its stake in Blackrock Credit Allocation Income Trust by 0.7% during the second quarter. Advisory Services Network LLC now owns 70,513 shares of the investment management company’s stock worth $948,000 after buying an additional 479 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Blackrock Credit Allocation Income Trust by 3.8% during the second quarter. IFP Advisors Inc now owns 27,677 shares of the investment management company’s stock worth $372,000 after purchasing an additional 1,014 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Blackrock Credit Allocation Income Trust by 2.0% during the second quarter. Advisor Group Inc. now owns 73,236 shares of the investment management company’s stock worth $984,000 after purchasing an additional 1,464 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Blackrock Credit Allocation Income Trust by 2.2% during the second quarter. Stifel Financial Corp now owns 71,328 shares of the investment management company’s stock worth $950,000 after purchasing an additional 1,517 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC lifted its position in shares of Blackrock Credit Allocation Income Trust by 1.6% during the second quarter. Jaffetilchin Investment Partners LLC now owns 100,635 shares of the investment management company’s stock worth $1,354,000 after purchasing an additional 1,571 shares in the last quarter.

Shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) traded down $0.09 during midday trading on Tuesday, reaching $13.20. 198,900 shares of the company traded hands, compared to its average volume of 196,957. Blackrock Credit Allocation Income Trust has a fifty-two week low of $12.24 and a fifty-two week high of $13.66.

The company also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be paid a $0.067 dividend. This represents a $0.80 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend is Tuesday, November 14th.

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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.

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

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