Chicago Partners Investment Group LLC Sells 10,461 Shares of Blackrock Credit Allocation Income Trust (BTZ)

Chicago Partners Investment Group LLC reduced its holdings in shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 49.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,743 shares of the investment management company’s stock after selling 10,461 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Blackrock Credit Allocation Income Trust were worth $146,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Susquehanna International Group LLP purchased a new stake in shares of Blackrock Credit Allocation Income Trust during the 3rd quarter valued at approximately $280,000. Janney Montgomery Scott LLC lifted its stake in Blackrock Credit Allocation Income Trust by 14.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 32,571 shares of the investment management company’s stock worth $442,000 after purchasing an additional 4,234 shares in the last quarter. Vident Investment Advisory LLC lifted its stake in Blackrock Credit Allocation Income Trust by 9.6% in the 3rd quarter. Vident Investment Advisory LLC now owns 596,089 shares of the investment management company’s stock worth $8,089,000 after purchasing an additional 52,326 shares in the last quarter. Private Advisor Group LLC lifted its stake in Blackrock Credit Allocation Income Trust by 7.5% in the 3rd quarter. Private Advisor Group LLC now owns 62,746 shares of the investment management company’s stock worth $842,000 after purchasing an additional 4,382 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Blackrock Credit Allocation Income Trust by 12.0% in the 3rd quarter. Wells Fargo & Company MN now owns 12,803,025 shares of the investment management company’s stock worth $173,738,000 after purchasing an additional 1,371,310 shares in the last quarter.

Shares of Blackrock Credit Allocation Income Trust (NYSE BTZ) opened at $13.43 on Monday. Blackrock Credit Allocation Income Trust has a 52 week low of $12.47 and a 52 week high of $13.66.

The company also recently announced a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Tuesday, December 12th will be paid a $0.067 dividend. This represents a $0.80 annualized dividend and a yield of 5.99%. The ex-dividend date is Monday, December 11th.

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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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