Raymond James Financial Services Advisors Inc. increased its position in shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 5.6% during the first quarter, HoldingsChannel.com reports. The fund owned 380,115 shares of the investment management company’s stock after acquiring an additional 20,024 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Blackrock Credit Allocation Income Trust were worth $4,717,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ellis Investment Partners LLC acquired a new position in Blackrock Credit Allocation Income Trust during the fourth quarter worth about $868,000. Morgan Stanley increased its stake in Blackrock Credit Allocation Income Trust by 0.8% in the 3rd quarter. Morgan Stanley now owns 1,446,993 shares of the investment management company’s stock worth $17,712,000 after purchasing an additional 11,353 shares in the last quarter. Bank of America Corp DE increased its stake in Blackrock Credit Allocation Income Trust by 10.8% in the 4th quarter. Bank of America Corp DE now owns 4,138,110 shares of the investment management company’s stock worth $46,264,000 after purchasing an additional 402,005 shares in the last quarter. LPL Financial LLC increased its stake in Blackrock Credit Allocation Income Trust by 10.9% in the 4th quarter. LPL Financial LLC now owns 146,868 shares of the investment management company’s stock worth $1,642,000 after purchasing an additional 14,380 shares in the last quarter. Finally, Lehman & Derafelo Financial Resources LLC purchased a new position in Blackrock Credit Allocation Income Trust in the 4th quarter worth about $3,410,000.

Shares of BTZ opened at $12.62 on Friday. Blackrock Credit Allocation Income Trust has a 1-year low of $11.06 and a 1-year high of $12.85.

The business also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $0.067 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.80 dividend on an annualized basis and a yield of 6.37%.

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Blackrock Credit Allocation Income Trust Profile

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

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