Cambridge Investment Research Advisors Inc. grew its stake in Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 28.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 111,026 shares of the investment management company’s stock after buying an additional 24,409 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.10% of Blackrock Credit Allocation Income Trust worth $1,507,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Stratos Wealth Partners LTD. purchased a new position in shares of Blackrock Credit Allocation Income Trust in the 3rd quarter valued at about $354,000. Advisor Group Inc. boosted its stake in shares of Blackrock Credit Allocation Income Trust by 8.9% in the 3rd quarter. Advisor Group Inc. now owns 79,767 shares of the investment management company’s stock valued at $1,082,000 after buying an additional 6,531 shares during the period. Nwam LLC boosted its stake in shares of Blackrock Credit Allocation Income Trust by 5.1% in the 3rd quarter. Nwam LLC now owns 756,129 shares of the investment management company’s stock valued at $10,261,000 after buying an additional 36,497 shares during the period. JFS Wealth Advisors LLC purchased a new position in shares of Blackrock Credit Allocation Income Trust in the 3rd quarter valued at about $136,000. Finally, Wela Strategies Inc. purchased a new position in shares of Blackrock Credit Allocation Income Trust in the 2nd quarter valued at about $947,000.

Shares of Blackrock Credit Allocation Income Trust (NYSE BTZ) traded down $0.09 on Tuesday, hitting $13.20. The stock had a trading volume of 198,900 shares, compared to its average volume of 196,957. Blackrock Credit Allocation Income Trust has a fifty-two week low of $12.24 and a fifty-two week high of $13.66.

The firm also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.067 per share. This represents a $0.80 annualized dividend and a yield of 6.09%. The ex-dividend date is Tuesday, November 14th.

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About Blackrock Credit Allocation Income Trust

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.

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

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