Park Avenue Securities LLC Has $326,000 Stock Holdings in Blackrock Credit Allocation Income Trust (NYSE:BTZ)

Park Avenue Securities LLC lessened its holdings in Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 8.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,145 shares of the investment management company’s stock after selling 2,346 shares during the period. Park Avenue Securities LLC’s holdings in Blackrock Credit Allocation Income Trust were worth $326,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of BTZ. Thrivent Financial for Lutherans raised its holdings in Blackrock Credit Allocation Income Trust by 2.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 44,013 shares of the investment management company’s stock valued at $492,000 after buying an additional 986 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Blackrock Credit Allocation Income Trust by 61.2% during the first quarter. Dynamic Advisor Solutions LLC now owns 28,873 shares of the investment management company’s stock valued at $358,000 after purchasing an additional 10,966 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in shares of Blackrock Credit Allocation Income Trust by 5.8% in the 1st quarter. Capital Investment Advisors LLC now owns 761,978 shares of the investment management company’s stock worth $9,456,000 after acquiring an additional 41,768 shares in the last quarter. Westbourne Investment Advisors Inc. boosted its holdings in shares of Blackrock Credit Allocation Income Trust by 18.2% in the 1st quarter. Westbourne Investment Advisors Inc. now owns 47,060 shares of the investment management company’s stock worth $584,000 after acquiring an additional 7,250 shares in the last quarter. Finally, Nwam LLC boosted its holdings in shares of Blackrock Credit Allocation Income Trust by 14.9% in the 1st quarter. Nwam LLC now owns 711,718 shares of the investment management company’s stock worth $8,832,000 after acquiring an additional 92,276 shares in the last quarter.

BTZ stock traded up $0.01 during trading on Wednesday, hitting $13.42. The company had a trading volume of 4,194 shares, compared to its average volume of 265,001. The company has a 50-day simple moving average of $13.13. Blackrock Credit Allocation Income Trust has a 12 month low of $11.06 and a 12 month high of $13.52.

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.067 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.99%. The ex-dividend date of this dividend is Wednesday, August 14th.

Blackrock Credit Allocation Income Trust 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.

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Institutional Ownership by Quarter for Blackrock Credit Allocation Income Trust (NYSE:BTZ)

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