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

Nwam LLC cut its stake in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 5.3% in the 3rd quarter, Holdings Channel reports. The firm owned 26,817 shares of the investment management company’s stock after selling 1,500 shares during the quarter. Nwam LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in BTZ. Atticus Wealth Management LLC boosted its stake in BlackRock Credit Allocation Income Trust by 196.4% during the 2nd quarter. Atticus Wealth Management LLC now owns 2,964 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 1,964 shares during the period. Eastern Bank bought a new position in BlackRock Credit Allocation Income Trust in the 3rd quarter worth approximately $64,000. Lazard Asset Management LLC bought a new position in BlackRock Credit Allocation Income Trust in the 1st quarter worth approximately $128,000. Cetera Advisors LLC acquired a new stake in BlackRock Credit Allocation Income Trust in the 1st quarter valued at approximately $146,000. Finally, Creekside Partners acquired a new position in BlackRock Credit Allocation Income Trust during the 2nd quarter worth $156,000.

BlackRock Credit Allocation Income Trust Price Performance

NYSE:BTZ opened at $10.89 on Tuesday. BlackRock Credit Allocation Income Trust has a 1 year low of $9.90 and a 1 year high of $11.30. The business has a fifty day moving average of $10.99 and a 200-day moving average of $10.83.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.0839 dividend. The ex-dividend date is Friday, November 15th. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. This represents a $1.01 annualized dividend and a dividend yield of 9.25%.

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.