Chicago Partners Investment Group LLC Sells 30,176 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Chicago Partners Investment Group LLC decreased its position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 34.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 57,056 shares of the investment management company’s stock after selling 30,176 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $604,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC bought a new position in BlackRock Credit Allocation Income Trust in the 1st quarter worth about $50,000. PNC Financial Services Group Inc. raised its holdings in shares of BlackRock Credit Allocation Income Trust by 112.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,371 shares of the investment management company’s stock valued at $100,000 after buying an additional 4,964 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of BlackRock Credit Allocation Income Trust during the 1st quarter valued at about $103,000. Baird Financial Group Inc. purchased a new position in shares of BlackRock Credit Allocation Income Trust during the 4th quarter valued at about $116,000. Finally, Jane Street Group LLC bought a new position in BlackRock Credit Allocation Income Trust during the 4th quarter worth approximately $119,000.

BlackRock Credit Allocation Income Trust Stock Performance

BTZ opened at $11.09 on Friday. BlackRock Credit Allocation Income Trust has a 1 year low of $9.54 and a 1 year high of $11.30. The stock’s 50 day simple moving average is $10.87 and its 200 day simple moving average is $10.68.

BlackRock Credit Allocation Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a $0.0839 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Friday, August 15th.

BlackRock Credit Allocation Income Trust Profile

BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor's Corporation.