Blackrock Credit Allocation Income Trust (BTZ) Position Cut by Nwam LLC

Nwam LLC reduced its position in shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 6.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 668,576 shares of the investment management company’s stock after selling 42,710 shares during the period. Blackrock Credit Allocation Income Trust makes up about 1.8% of Nwam LLC’s investment portfolio, making the stock its 8th largest position. Nwam LLC’s holdings in Blackrock Credit Allocation Income Trust were worth $8,183,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BTZ. Baird Financial Group Inc. increased its stake in Blackrock Credit Allocation Income Trust by 95.9% in the 1st quarter. Baird Financial Group Inc. now owns 56,897 shares of the investment management company’s stock worth $721,000 after purchasing an additional 27,850 shares in the last quarter. RMB Capital Management LLC increased its stake in Blackrock Credit Allocation Income Trust by 801.0% in the 1st quarter. RMB Capital Management LLC now owns 95,348 shares of the investment management company’s stock worth $1,208,000 after purchasing an additional 84,766 shares in the last quarter. LPL Financial LLC increased its stake in Blackrock Credit Allocation Income Trust by 46.8% in the 1st quarter. LPL Financial LLC now owns 93,154 shares of the investment management company’s stock worth $1,180,000 after purchasing an additional 29,702 shares in the last quarter. Guggenheim Capital LLC increased its stake in Blackrock Credit Allocation Income Trust by 8.9% in the 1st quarter. Guggenheim Capital LLC now owns 169,707 shares of the investment management company’s stock worth $2,150,000 after purchasing an additional 13,902 shares in the last quarter. Finally, Saba Capital Management L.P. purchased a new position in Blackrock Credit Allocation Income Trust in the 1st quarter worth about $1,978,000.

NYSE BTZ traded up $0.04 during trading on Tuesday, reaching $12.03. 19,492 shares of the company’s stock were exchanged, compared to its average volume of 218,672. Blackrock Credit Allocation Income Trust has a fifty-two week low of $11.96 and a fifty-two week high of $13.53.

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 31st. Investors of record on Monday, October 15th will be issued a $0.067 dividend. The ex-dividend date of this dividend is Friday, October 12th. This represents a $0.80 annualized dividend and a yield of 6.68%.

Blackrock Credit Allocation Income Trust Profile

There is no company description available for BlackRock Credit Allocation Income Trust.

See Also: Asset Allocation and Your Retirement

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

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