Northwestern Mutual Wealth Management Co. grew its stake in shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 40.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 188,162 shares of the investment management company’s stock after acquiring an additional 54,246 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Blackrock Credit Allocation Income Trust were worth $2,531,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Aviance Capital Partners LLC raised its stake in Blackrock Credit Allocation Income Trust by 5.2% during the 2nd quarter. Aviance Capital Partners LLC now owns 36,293 shares of the investment management company’s stock valued at $488,000 after purchasing an additional 1,791 shares during the period. Janney Montgomery Scott LLC raised its stake in Blackrock Credit Allocation Income Trust by 14.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 28,337 shares of the investment management company’s stock valued at $381,000 after purchasing an additional 3,608 shares during the period. Nwam LLC raised its stake in Blackrock Credit Allocation Income Trust by 4.4% during the 2nd quarter. Nwam LLC now owns 719,632 shares of the investment management company’s stock valued at $9,679,000 after purchasing an additional 30,526 shares during the period. IFP Advisors Inc raised its stake in Blackrock Credit Allocation Income Trust by 3.8% during the 2nd quarter. IFP Advisors Inc now owns 27,677 shares of the investment management company’s stock valued at $372,000 after purchasing an additional 1,014 shares during the period. Finally, Chicago Partners Investment Group LLC raised its stake in Blackrock Credit Allocation Income Trust by 990.7% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 21,204 shares of the investment management company’s stock valued at $281,000 after purchasing an additional 19,260 shares during the period.

Shares of Blackrock Credit Allocation Income Trust (NYSE BTZ) traded up 0.1011% during mid-day trading on Monday, reaching $13.4636. 44,963 shares of the company’s stock traded hands. The company’s 50 day moving average is $13.43 and its 200-day moving average is $13.31. Blackrock Credit Allocation Income Trust has a 52 week low of $12.05 and a 52 week high of $13.60.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.0705 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.85 dividend on an annualized basis and a yield of 6.29%.

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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.

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

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