Janney Montgomery Scott LLC Grows Holdings in Blackrock Credit Allocation Income Trust (BTZ)

Janney Montgomery Scott LLC grew its position in shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 34.7% during the third quarter, HoldingsChannel reports. The firm owned 38,490 shares of the investment management company’s stock after acquiring an additional 9,922 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Blackrock Credit Allocation Income Trust were worth $471,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Millennium Management LLC raised its stake in Blackrock Credit Allocation Income Trust by 92.7% during the first quarter. Millennium Management LLC now owns 41,445 shares of the investment management company’s stock worth $525,000 after acquiring an additional 19,942 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Blackrock Credit Allocation Income Trust by 10.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 383,057 shares of the investment management company’s stock worth $4,627,000 after acquiring an additional 37,445 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Blackrock Credit Allocation Income Trust by 3.8% in the second quarter. Commonwealth Equity Services LLC now owns 121,082 shares of the investment management company’s stock valued at $1,463,000 after buying an additional 4,464 shares during the period. Wells Fargo & Company MN increased its stake in shares of Blackrock Credit Allocation Income Trust by 5.6% in the second quarter. Wells Fargo & Company MN now owns 15,560,420 shares of the investment management company’s stock valued at $187,970,000 after buying an additional 827,038 shares during the period. Finally, Fiera Capital Corp increased its stake in shares of Blackrock Credit Allocation Income Trust by 201.1% in the second quarter. Fiera Capital Corp now owns 55,457 shares of the investment management company’s stock valued at $669,000 after buying an additional 37,040 shares during the period.

Blackrock Credit Allocation Income Trust stock opened at $11.67 on Friday. Blackrock Credit Allocation Income Trust has a 1 year low of $11.46 and a 1 year high of $13.51.

The company also recently disclosed a monthly dividend, which was paid on Friday, November 30th. Stockholders of record on Thursday, November 15th were paid a $0.067 dividend. This represents a $0.80 annualized dividend and a dividend yield of 6.89%. The ex-dividend date was Wednesday, November 14th.

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About Blackrock Credit Allocation Income Trust

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.

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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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