Edgemoor Investment Advisors Inc. Sells 10,539 Shares of Blackrock Credit Allocation Income Trust (BTZ)

Edgemoor Investment Advisors Inc. trimmed its holdings in Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 1.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 745,694 shares of the investment management company’s stock after selling 10,539 shares during the quarter. Edgemoor Investment Advisors Inc.’s holdings in Blackrock Credit Allocation Income Trust were worth $9,836,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Advisory Services Network LLC lifted its stake in shares of Blackrock Credit Allocation Income Trust by 0.7% in the second quarter. Advisory Services Network LLC now owns 70,513 shares of the investment management company’s stock valued at $948,000 after buying an additional 479 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Blackrock Credit Allocation Income Trust by 2.2% in the second quarter. Stifel Financial Corp now owns 71,328 shares of the investment management company’s stock valued at $950,000 after buying an additional 1,517 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Blackrock Credit Allocation Income Trust by 26.2% in the second quarter. Goldman Sachs Group Inc. now owns 13,159 shares of the investment management company’s stock valued at $177,000 after buying an additional 2,731 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Blackrock Credit Allocation Income Trust by 14.9% in the third quarter. Janney Montgomery Scott LLC now owns 32,571 shares of the investment management company’s stock valued at $442,000 after buying an additional 4,234 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Blackrock Credit Allocation Income Trust by 7.5% in the third quarter. Private Advisor Group LLC now owns 62,746 shares of the investment management company’s stock valued at $842,000 after buying an additional 4,382 shares in the last quarter.

Blackrock Credit Allocation Income Trust (NYSE BTZ) opened at $12.72 on Friday. Blackrock Credit Allocation Income Trust has a 12 month low of $12.57 and a 12 month high of $13.66.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th will be paid a $0.067 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date is Wednesday, February 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.

Want to see what other hedge funds are holding BTZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackrock Credit Allocation Income Trust (NYSE:BTZ).

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

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