Johnson Financial Group Inc. boosted its stake in shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 10.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 526,910 shares of the investment management company’s stock after acquiring an additional 47,750 shares during the quarter. Blackrock Credit Allocation Income Trust accounts for about 0.9% of Johnson Financial Group Inc.’s investment portfolio, making the stock its 19th largest holding. Johnson Financial Group Inc. owned approximately 0.49% of Blackrock Credit Allocation Income Trust worth $7,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. purchased a new stake in Blackrock Credit Allocation Income Trust in the 2nd quarter worth approximately $1,165,000. Wells Fargo & Company MN lifted its holdings in Blackrock Credit Allocation Income Trust by 7.4% in the 2nd quarter. Wells Fargo & Company MN now owns 11,431,715 shares of the investment management company’s stock worth $153,756,000 after buying an additional 786,737 shares during the period. Edmonds Duncan Registered Investment Advisors LLC lifted its holdings in Blackrock Credit Allocation Income Trust by 6.8% in the 2nd quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 120,319 shares of the investment management company’s stock worth $1,618,000 after buying an additional 7,669 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Blackrock Credit Allocation Income Trust by 14.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 28,337 shares of the investment management company’s stock worth $381,000 after buying an additional 3,608 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Blackrock Credit Allocation Income Trust by 15.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 286,713 shares of the investment management company’s stock worth $3,856,000 after buying an additional 38,858 shares during the period.

Shares of Blackrock Credit Allocation Income Trust (NYSE BTZ) opened at $13.29 on Tuesday. Blackrock Credit Allocation Income Trust has a fifty-two week low of $12.30 and a fifty-two week high of $13.66.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be issued a $0.067 dividend. This represents a $0.80 annualized dividend and a yield of 6.05%. The ex-dividend date is Tuesday, November 14th.

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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.

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

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