BlackRock Credit Allocation Income Trust $BTZ Shares Sold by Shulman DeMeo Asset Management LLC

Shulman DeMeo Asset Management LLC reduced its position in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,367 shares of the investment management company’s stock after selling 1,290 shares during the period. Shulman DeMeo Asset Management LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $594,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in BlackRock Credit Allocation Income Trust during the fourth quarter valued at $119,000. Waverly Advisors LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust during the 4th quarter valued at about $247,000. Northstar Financial Companies Inc. acquired a new stake in BlackRock Credit Allocation Income Trust during the fourth quarter worth about $153,000. Merit Financial Group LLC bought a new position in BlackRock Credit Allocation Income Trust in the first quarter worth about $141,000. Finally, SOA Wealth Advisors LLC. acquired a new position in BlackRock Credit Allocation Income Trust in the first quarter valued at approximately $140,000.

BlackRock Credit Allocation Income Trust Price Performance

NYSE:BTZ opened at $11.08 on Wednesday. The stock has a 50 day moving average of $11.01 and a 200-day moving average of $10.73. 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 business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.0839 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) annualized dividend and a yield of 9.1%.

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.