Camelot Portfolios LLC decreased its stake in shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,455 shares of the investment management company’s stock after selling 1,357 shares during the period. Camelot Portfolios LLC’s holdings in Blackrock Credit Allocation Income Trust were worth $517,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Chicago Partners Investment Group LLC raised its stake in shares of Blackrock Credit Allocation Income Trust by 990.7% in the second quarter. Chicago Partners Investment Group LLC now owns 21,204 shares of the investment management company’s stock valued at $281,000 after buying an additional 19,260 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Blackrock Credit Allocation Income Trust by 3.8% in the second quarter. IFP Advisors Inc now owns 27,677 shares of the investment management company’s stock valued at $372,000 after buying an additional 1,014 shares during the period. Nwam LLC raised its stake in shares of Blackrock Credit Allocation Income Trust by 4.4% in the second quarter. Nwam LLC now owns 719,632 shares of the investment management company’s stock valued at $9,679,000 after buying an additional 30,526 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Blackrock Credit Allocation Income Trust by 14.6% in the second quarter. Janney Montgomery Scott LLC now owns 28,337 shares of the investment management company’s stock valued at $381,000 after buying an additional 3,608 shares during the period. Finally, Aviance Capital Partners LLC raised its stake in shares of Blackrock Credit Allocation Income Trust by 5.2% in the second quarter. Aviance Capital Partners LLC now owns 36,293 shares of the investment management company’s stock valued at $488,000 after buying an additional 1,791 shares during the period.

Shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) opened at 13.53 on Monday. Blackrock Credit Allocation Income Trust has a one year low of $12.05 and a one year high of $13.70. The company has a 50-day moving average price of $13.43 and a 200 day moving average price of $13.23.

The company also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a $0.071 dividend. This represents a $0.85 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date of this dividend is Friday, August 11th.

ILLEGAL ACTIVITY NOTICE: This news story was posted by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.dailypolitical.com/2017/08/07/blackrock-credit-allocation-income-trust-btz-shares-sold-by-camelot-portfolios-llc.html.

Blackrock Credit Allocation Income Trust Company Profile

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.

Want to see what other hedge funds are holding BTZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackrock Credit Allocation Income Trust (NYSE:BTZ).

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

Receive News & Ratings for Blackrock Credit Allocation Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock Credit Allocation Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.