Blackrock Credit Allocation Income Trust (BTZ) Shares Bought by Nwam LLC

Nwam LLC increased its stake in Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 756,129 shares of the investment management company’s stock after acquiring an additional 36,497 shares during the period. Blackrock Credit Allocation Income Trust makes up 2.7% of Nwam LLC’s investment portfolio, making the stock its 4th largest position. Nwam LLC’s holdings in Blackrock Credit Allocation Income Trust were worth $10,261,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BTZ. Wells Fargo & Company MN boosted its position in shares of Blackrock Credit Allocation Income Trust by 7.4% in the second quarter. Wells Fargo & Company MN now owns 11,431,715 shares of the investment management company’s stock worth $153,756,000 after acquiring an additional 786,737 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Blackrock Credit Allocation Income Trust during the second quarter valued at approximately $1,165,000. Royal Bank of Canada raised its stake in shares of Blackrock Credit Allocation Income Trust by 9.5% during the second quarter. Royal Bank of Canada now owns 894,171 shares of the investment management company’s stock valued at $12,027,000 after purchasing an additional 77,693 shares during the period. Wela Strategies Inc. purchased a new stake in shares of Blackrock Credit Allocation Income Trust during the second quarter valued at approximately $947,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Blackrock Credit Allocation Income Trust by 40.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 188,162 shares of the investment management company’s stock valued at $2,531,000 after purchasing an additional 54,246 shares during the period.

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Blackrock Credit Allocation Income Trust (NYSE:BTZ) traded up $0.03 on Monday, hitting $13.46. 25,107 shares of the stock were exchanged, compared to its average volume of 179,993. Blackrock Credit Allocation Income Trust has a 12 month low of $12.05 and a 12 month high of $13.66.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.067 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.97%.

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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