Blackrock Credit Allocation Income Trust (BTZ) Stake Lifted by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC grew its position in Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 61.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,873 shares of the investment management company’s stock after acquiring an additional 10,966 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Blackrock Credit Allocation Income Trust were worth $358,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Sigma Planning Corp acquired a new stake in Blackrock Credit Allocation Income Trust in the 4th quarter worth about $190,000. PNC Financial Services Group Inc. raised its position in shares of Blackrock Credit Allocation Income Trust by 44.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 17,312 shares of the investment management company’s stock valued at $212,000 after buying an additional 5,300 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Blackrock Credit Allocation Income Trust by 42.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 17,612 shares of the investment management company’s stock valued at $216,000 after buying an additional 5,267 shares in the last quarter. Fisher Asset Management LLC acquired a new position in shares of Blackrock Credit Allocation Income Trust in the 4th quarter valued at approximately $206,000. Finally, First Allied Advisory Services Inc. raised its position in shares of 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 valued at $262,000 after buying an additional 10,287 shares in the last quarter.

Shares of NYSE:BTZ traded up $0.03 during midday trading on Friday, hitting $12.78. The stock had a trading volume of 184,173 shares, compared to its average volume of 280,961. Blackrock Credit Allocation Income Trust has a fifty-two week low of $11.06 and a fifty-two week high of $12.80.

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a $0.067 dividend. This represents a $0.80 annualized dividend and a dividend yield of 6.29%. The ex-dividend date is Tuesday, May 14th.

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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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