51,358 Shares in BlackRock Credit Allocation Income Trust $BTZ Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 51,358 shares of the investment management company’s stock, valued at approximately $525,000.

Several other institutional investors also recently bought and sold shares of BTZ. Royal Bank of Canada increased its stake in BlackRock Credit Allocation Income Trust by 1.4% during the 1st quarter. Royal Bank of Canada now owns 889,121 shares of the investment management company’s stock worth $9,531,000 after buying an additional 12,607 shares in the last quarter. Jane Street Group LLC lifted its position in shares of BlackRock Credit Allocation Income Trust by 56.9% in the first quarter. Jane Street Group LLC now owns 17,799 shares of the investment management company’s stock valued at $191,000 after acquiring an additional 6,455 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of BlackRock Credit Allocation Income Trust in the second quarter valued at approximately $167,000. First Trust Advisors LP boosted its stake in shares of BlackRock Credit Allocation Income Trust by 3.6% in the second quarter. First Trust Advisors LP now owns 88,168 shares of the investment management company’s stock worth $963,000 after acquiring an additional 3,052 shares during the last quarter. Finally, Cresset Asset Management LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the second quarter worth approximately $132,000.

BlackRock Credit Allocation Income Trust Trading Down 0.6%

Shares of BTZ opened at $10.09 on Tuesday. BlackRock Credit Allocation Income Trust has a one year low of $9.70 and a one year high of $11.18. The stock has a 50 day moving average price of $10.15 and a 200 day moving average price of $10.24.

BlackRock Credit Allocation Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.0839 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 10.0%.

BlackRock Credit Allocation Income Trust Profile

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.