Park Avenue Securities LLC Trims Holdings in BlackRock Credit Allocation Income Trust $BTZ

Park Avenue Securities LLC reduced its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,365 shares of the investment management company’s stock after selling 1,449 shares during the period. Park Avenue Securities LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $179,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its stake in BlackRock Credit Allocation Income Trust by 3.2% during the 1st quarter. International Assets Investment Management LLC now owns 31,920 shares of the investment management company’s stock worth $342,000 after buying an additional 1,000 shares during the period. Concurrent Investment Advisors LLC increased its stake in BlackRock Credit Allocation Income Trust by 7.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 22,419 shares of the investment management company’s stock worth $240,000 after buying an additional 1,643 shares during the period. Alteri Wealth LLC increased its stake in BlackRock Credit Allocation Income Trust by 5.4% during the 1st quarter. Alteri Wealth LLC now owns 40,930 shares of the investment management company’s stock worth $439,000 after buying an additional 2,088 shares during the period. Cetera Investment Advisers increased its stake in BlackRock Credit Allocation Income Trust by 2.6% during the 1st quarter. Cetera Investment Advisers now owns 88,863 shares of the investment management company’s stock worth $953,000 after buying an additional 2,230 shares during the period. Finally, Private Trust Co. NA increased its stake in BlackRock Credit Allocation Income Trust by 2.5% during the 1st quarter. Private Trust Co. NA now owns 123,825 shares of the investment management company’s stock worth $1,327,000 after buying an additional 3,005 shares during the period.

BlackRock Credit Allocation Income Trust Stock Down 0.3%

Shares of BTZ opened at $11.00 on Friday. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.54 and a fifty-two week high of $11.24. The firm’s 50 day moving average price is $11.02 and its 200 day moving average price is $10.75.

BlackRock Credit Allocation Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.0839 per share. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date is Wednesday, October 15th.

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.