First Allied Advisory Services Inc. Has $190,000 Stake in Blackrock Credit Allocation Income Trust (BTZ)

First Allied Advisory Services Inc. cut its stake in shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,117 shares of the investment management company’s stock after selling 575 shares during the period. First Allied Advisory Services Inc.’s holdings in Blackrock Credit Allocation Income Trust were worth $190,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BTZ. Aviance Capital Partners LLC increased its position in shares of Blackrock Credit Allocation Income Trust by 5.2% during the second quarter. Aviance Capital Partners LLC now owns 36,293 shares of the investment management company’s stock valued at $488,000 after buying an additional 1,791 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Blackrock Credit Allocation Income Trust by 14.6% during the second quarter. Janney Montgomery Scott LLC now owns 28,337 shares of the investment management company’s stock valued at $381,000 after buying an additional 3,608 shares during the period. Nwam LLC increased its position in shares of Blackrock Credit Allocation Income Trust by 4.4% during the second quarter. Nwam LLC now owns 719,632 shares of the investment management company’s stock valued at $9,679,000 after buying an additional 30,526 shares during the period. IFP Advisors Inc increased 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 valued at $372,000 after buying an additional 1,014 shares during the period. Finally, Chicago Partners Investment Group LLC increased its position in shares of Blackrock Credit Allocation Income Trust by 990.7% during 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 buying an additional 19,260 shares during the period.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 16th will be paid a dividend of $0.067 per share. This represents a $0.80 annualized dividend and a yield of 5.97%. The ex-dividend date is Friday, October 13th.

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Blackrock Credit Allocation Income Trust 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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