M&R Capital Management Inc. Sells 3,600 Shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ)

M&R Capital Management Inc. reduced its position in shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 1.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 205,320 shares of the investment management company’s stock after selling 3,600 shares during the quarter. M&R Capital Management Inc.’s holdings in Blackrock Credit Allocation Income Trust were worth $2,663,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of BTZ. Harborview Advisors LLC bought a new position in Blackrock Credit Allocation Income Trust in the 1st quarter worth $166,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Blackrock Credit Allocation Income Trust in the 2nd quarter worth $192,000. Pinnacle Wealth Planning Services Inc. raised its holdings in Blackrock Credit Allocation Income Trust by 47.0% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 19,563 shares of the investment management company’s stock worth $243,000 after purchasing an additional 6,258 shares in the last quarter. First Allied Advisory Services Inc. raised its holdings in Blackrock Credit Allocation Income Trust by 78.5% in the 4th quarter. First Allied Advisory Services Inc. now owns 23,385 shares of the investment management company’s stock worth $262,000 after purchasing an additional 10,287 shares in the last quarter. Finally, SMH Capital Advisors Inc. raised its holdings in Blackrock Credit Allocation Income Trust by 9.4% in the 1st quarter. SMH Capital Advisors Inc. now owns 21,925 shares of the investment management company’s stock worth $272,000 after purchasing an additional 1,881 shares in the last quarter.

NYSE BTZ traded up $0.05 during trading on Friday, hitting $13.50. The company had a trading volume of 318,155 shares, compared to its average volume of 262,993. Blackrock Credit Allocation Income Trust has a one year low of $11.06 and a one year high of $13.50. The stock has a fifty day simple moving average of $13.08.

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th were issued a $0.067 dividend. The ex-dividend date was Friday, July 12th. This represents a $0.80 annualized dividend and a yield of 5.96%.

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.

See Also: Book Value Per Share – BVPS

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

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