Jaffetilchin Investment Partners LLC raised its position in Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,635 shares of the investment management company’s stock after buying an additional 1,571 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Blackrock Credit Allocation Income Trust were worth $1,354,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Wedbush Securities Inc. increased its stake in Blackrock Credit Allocation Income Trust by 4.4% in the second quarter. Wedbush Securities Inc. now owns 119,253 shares of the investment management company’s stock worth $1,604,000 after buying an additional 5,065 shares during the period. Chicago Partners Investment Group LLC increased its stake in Blackrock Credit Allocation Income Trust by 990.7% in the second quarter. Chicago Partners Investment Group LLC now owns 21,204 shares of the investment management company’s stock worth $281,000 after buying an additional 19,260 shares during the period. IFP Advisors Inc increased its stake in Blackrock Credit Allocation Income Trust by 3.8% in the second quarter. IFP Advisors Inc now owns 27,677 shares of the investment management company’s stock worth $372,000 after buying an additional 1,014 shares during the period. Nwam LLC increased its stake in Blackrock Credit Allocation Income Trust by 4.4% in the second quarter. Nwam LLC now owns 719,632 shares of the investment management company’s stock worth $9,679,000 after buying an additional 30,526 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in Blackrock Credit Allocation Income Trust by 14.6% in the second quarter. Janney Montgomery Scott LLC now owns 28,337 shares of the investment management company’s stock worth $381,000 after buying an additional 3,608 shares during the period.

Shares of Blackrock Credit Allocation Income Trust (BTZ) opened at 13.2873 on Tuesday. Blackrock Credit Allocation Income Trust has a 52-week low of $12.05 and a 52-week high of $13.70. The company’s 50-day moving average is $13.44 and its 200-day moving average is $13.26.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.071 per share. The ex-dividend date is Friday, August 11th. This represents a $0.85 dividend on an annualized basis and a yield of 6.41%.

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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.

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

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