Raymond James & Associates Decreases Stock Position in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Raymond James & Associates cut its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 7.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 281,281 shares of the investment management company’s stock after selling 22,844 shares during the quarter. Raymond James & Associates’ holdings in BlackRock Credit Allocation Income Trust were worth $3,173,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Stolper Co grew its position in BlackRock Credit Allocation Income Trust by 1.7% during the second quarter. Stolper Co now owns 75,246 shares of the investment management company’s stock worth $806,000 after buying an additional 1,281 shares in the last quarter. Atticus Wealth Management LLC grew its position in BlackRock Credit Allocation Income Trust by 196.4% during the second quarter. Atticus Wealth Management LLC now owns 2,964 shares of the investment management company’s stock worth $32,000 after buying an additional 1,964 shares in the last quarter. Commonwealth Equity Services LLC grew its position in BlackRock Credit Allocation Income Trust by 7.1% during the second quarter. Commonwealth Equity Services LLC now owns 32,989 shares of the investment management company’s stock worth $353,000 after buying an additional 2,200 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in BlackRock Credit Allocation Income Trust by 32.3% during the first quarter. Oppenheimer & Co. Inc. now owns 26,239 shares of the investment management company’s stock worth $280,000 after buying an additional 6,400 shares in the last quarter. Finally, WealthShield Partners LLC boosted its holdings in shares of BlackRock Credit Allocation Income Trust by 13.9% in the 2nd quarter. WealthShield Partners LLC now owns 52,351 shares of the investment management company’s stock worth $561,000 after purchasing an additional 6,406 shares in the last quarter.

BlackRock Credit Allocation Income Trust Trading Up 0.2 %

BTZ opened at $10.77 on Tuesday. The stock has a 50-day moving average price of $11.05 and a 200-day moving average price of $10.76. BlackRock Credit Allocation Income Trust has a 12-month low of $9.42 and a 12-month high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.0839 dividend. The ex-dividend date is Friday, November 15th. This is a positive change from BlackRock Credit Allocation Income Trust’s previous dividend of $0.07.

About BlackRock Credit Allocation Income Trust

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.