EP Wealth Advisors LLC Sells 6,607 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

EP Wealth Advisors LLC lessened its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 5.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,422 shares of the investment management company’s stock after selling 6,607 shares during the period. EP Wealth Advisors LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $1,279,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BTZ. Atticus Wealth Management LLC increased its stake in shares of 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 valued at $32,000 after buying an additional 1,964 shares during the period. Parallel Advisors LLC purchased a new position in BlackRock Credit Allocation Income Trust during the 4th quarter valued at $57,000. Affiance Financial LLC bought a new position in BlackRock Credit Allocation Income Trust in the 1st quarter worth $107,000. Patten & Patten Inc. TN bought a new position in BlackRock Credit Allocation Income Trust in the 1st quarter worth $107,000. Finally, MRA Advisory Group purchased a new stake in shares of BlackRock Credit Allocation Income Trust in the 1st quarter worth about $122,000.

BlackRock Credit Allocation Income Trust Trading Down 0.3 %

Shares of NYSE BTZ opened at $11.25 on Wednesday. BlackRock Credit Allocation Income Trust has a 1 year low of $9.10 and a 1 year high of $11.30. The company’s 50-day moving average is $10.98 and its 200 day moving average is $10.69.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.0839 per share. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.01 dividend on an annualized basis and a dividend yield of 8.95%.

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.