Family Management Corp Boosts Position in Blackrock Credit Allocation Income Trust (NYSE:BTZ)

Family Management Corp increased its stake in shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 6.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,167 shares of the investment management company’s stock after purchasing an additional 3,307 shares during the quarter. Family Management Corp’s holdings in Blackrock Credit Allocation Income Trust were worth $697,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Rockefeller Capital Management L.P. acquired a new stake in shares of Blackrock Credit Allocation Income Trust during the first quarter worth approximately $66,000. Citigroup Inc. lifted its stake in Blackrock Credit Allocation Income Trust by 88.5% in the first quarter. Citigroup Inc. now owns 5,702 shares of the investment management company’s stock valued at $70,000 after acquiring an additional 2,677 shares during the last quarter. Harborview Advisors LLC acquired a new stake in Blackrock Credit Allocation Income Trust in the first quarter valued at approximately $166,000. Bank of New York Mellon Corp lifted its stake in Blackrock Credit Allocation Income Trust by 42.7% in the third quarter. Bank of New York Mellon Corp now owns 17,612 shares of the investment management company’s stock valued at $216,000 after acquiring an additional 5,267 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. lifted its stake in Blackrock Credit Allocation Income Trust by 47.0% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 19,563 shares of the investment management company’s stock valued at $243,000 after acquiring an additional 6,258 shares during the last quarter.

NYSE BTZ opened at $12.80 on Friday. Blackrock Credit Allocation Income Trust has a 12-month low of $11.06 and a 12-month high of $12.93.

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.067 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date is Thursday, June 13th.

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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.

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

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