Park Avenue Securities LLC Sells 1,589 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Park Avenue Securities LLC lowered its position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 7.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,565 shares of the investment management company’s stock after selling 1,589 shares during the period. Park Avenue Securities LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $198,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. grew its position in BlackRock Credit Allocation Income Trust by 3.3% in the 3rd quarter. Invesco Ltd. now owns 1,117,862 shares of the investment management company’s stock worth $10,821,000 after purchasing an additional 35,703 shares during the period. LPL Financial LLC grew its position in BlackRock Credit Allocation Income Trust by 0.4% in the 3rd quarter. LPL Financial LLC now owns 569,365 shares of the investment management company’s stock worth $5,511,000 after purchasing an additional 2,005 shares during the period. Lido Advisors LLC bought a new stake in BlackRock Credit Allocation Income Trust in the 3rd quarter worth approximately $501,000. EP Wealth Advisors LLC grew its position in BlackRock Credit Allocation Income Trust by 1,283.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 138,382 shares of the investment management company’s stock worth $1,340,000 after purchasing an additional 128,382 shares during the period. Finally, Capital Investment Advisors LLC grew its position in BlackRock Credit Allocation Income Trust by 1.5% in the 4th quarter. Capital Investment Advisors LLC now owns 831,552 shares of the investment management company’s stock worth $8,582,000 after purchasing an additional 12,211 shares during the period.

BlackRock Credit Allocation Income Trust Stock Down 0.5 %

NYSE:BTZ opened at $10.62 on Wednesday. BlackRock Credit Allocation Income Trust has a 12 month low of $9.10 and a 12 month high of $11.13. The company has a 50 day simple moving average of $10.50 and a two-hundred day simple moving average of $10.57.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be paid a dividend of $0.0839 per share. The ex-dividend date is Monday, July 15th. This is a boost from BlackRock Credit Allocation Income Trust’s previous dividend of $0.07.

BlackRock Credit Allocation Income Trust Company 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.