Cambridge Investment Research Advisors Inc. Cuts Holdings in Blackrock Credit Allocation Income Trust (BTZ)

Cambridge Investment Research Advisors Inc. decreased its holdings in shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 73.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 30,730 shares of the investment management company’s stock after selling 86,053 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Blackrock Credit Allocation Income Trust were worth $389,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Centaurus Financial Inc. purchased a new position in Blackrock Credit Allocation Income Trust during the 1st quarter valued at about $111,000. Goldman Sachs Group Inc. increased its position in Blackrock Credit Allocation Income Trust by 43.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 14,996 shares of the investment management company’s stock valued at $200,000 after purchasing an additional 4,533 shares during the period. Uncommon Cents Investing LLC purchased a new position in Blackrock Credit Allocation Income Trust during the 4th quarter valued at about $198,000. We Are One Seven LLC purchased a new position in Blackrock Credit Allocation Income Trust during the 4th quarter valued at about $207,000. Finally, SMH Capital Advisors Inc. purchased a new position in Blackrock Credit Allocation Income Trust during the 4th quarter valued at about $224,000.

NYSE BTZ opened at $12.35 on Monday. Blackrock Credit Allocation Income Trust has a one year low of $12.24 and a one year high of $13.66.

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be given a $0.067 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date is Thursday, June 14th.

About Blackrock Credit Allocation Income Trust

BlackRock Credit Allocation Income Trust (the Trust) is a non-diversified closed-end management investment company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in industries, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.

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

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