Wedbush Securities Inc. increased its position in Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 4.4% during the second quarter, Holdings Channel reports. The institutional investor owned 119,253 shares of the investment management company’s stock after buying an additional 5,065 shares during the period. Wedbush Securities Inc.’s holdings in Blackrock Credit Allocation Income Trust were worth $1,604,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of BTZ. Aviance Capital Partners LLC raised its stake in shares of Blackrock Credit Allocation Income Trust by 5.2% in the second quarter. Aviance Capital Partners LLC now owns 36,293 shares of the investment management company’s stock worth $488,000 after buying an additional 1,791 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of 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 in the last quarter. Nwam LLC raised its stake in shares of 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 in the last quarter. IFP Advisors Inc raised its stake in shares of 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 in the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in shares of 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 in the last quarter.

Shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) opened at 13.28 on Friday. Blackrock Credit Allocation Income Trust has a one year low of $12.05 and a one year high of $13.70. The firm’s 50-day moving average price is $13.44 and its 200-day moving average price is $13.26.

The company also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be paid a dividend of $0.071 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date of this dividend is Friday, August 11th.

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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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