BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Sold by Cwm LLC

Cwm LLC lessened its position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 54.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,419 shares of the investment management company’s stock after selling 2,855 shares during the period. Cwm LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $26,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of BTZ. International Assets Investment Management LLC raised its stake in BlackRock Credit Allocation Income Trust by 3.2% during the first quarter. International Assets Investment Management LLC now owns 31,920 shares of the investment management company’s stock valued at $342,000 after buying an additional 1,000 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in BlackRock Credit Allocation Income Trust by 7.9% during the first quarter. Concurrent Investment Advisors LLC now owns 22,419 shares of the investment management company’s stock valued at $240,000 after buying an additional 1,643 shares in the last quarter. Private Trust Co. NA raised its stake in BlackRock Credit Allocation Income Trust by 2.5% during the first quarter. Private Trust Co. NA now owns 123,825 shares of the investment management company’s stock valued at $1,327,000 after buying an additional 3,005 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in BlackRock Credit Allocation Income Trust during the first quarter valued at approximately $50,000. Finally, Riverbridge Partners LLC raised its stake in BlackRock Credit Allocation Income Trust by 11.6% during the first quarter. Riverbridge Partners LLC now owns 63,268 shares of the investment management company’s stock valued at $678,000 after buying an additional 6,568 shares in the last quarter.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of NYSE BTZ opened at $11.04 on Wednesday. The stock’s 50 day moving average price is $10.85 and its two-hundred day moving average price is $10.67. BlackRock Credit Allocation Income Trust has a 52-week low of $9.54 and a 52-week high of $11.30.

BlackRock Credit Allocation Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.0839 per share. The ex-dividend date is Friday, August 15th. This represents a c) annualized dividend and a yield of 9.1%.

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.