Wells Fargo & Company MN Buys 786,737 Shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ)

Wells Fargo & Company MN grew its position in Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 7.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,431,715 shares of the investment management company’s stock after buying an additional 786,737 shares during the period. Wells Fargo & Company MN’s holdings in Blackrock Credit Allocation Income Trust were worth $153,756,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp purchased a new position in Blackrock Credit Allocation Income Trust during the 2nd quarter worth approximately $156,000. BB&T Securities LLC purchased a new position in Blackrock Credit Allocation Income Trust during the 2nd quarter worth approximately $158,000. Chicago Partners Investment Group LLC raised its position 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 worth $281,000 after buying an additional 19,260 shares during the last quarter. IFP Advisors Inc raised its position 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 worth $372,000 after buying an additional 1,014 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position 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 worth $381,000 after buying an additional 3,608 shares during the last quarter.

Blackrock Credit Allocation Income Trust (NYSE BTZ) opened at 13.43 on Friday. Blackrock Credit Allocation Income Trust has a 52-week low of $12.05 and a 52-week high of $13.60. The firm has a 50-day moving average of $13.43 and a 200-day moving average of $13.31.

The business also recently announced a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.0705 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 6.30%.

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Blackrock Credit Allocation Income Trust 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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