Stratos Wealth Partners LTD. Invests $354,000 in Blackrock Credit Allocation Income Trust (BTZ)

Stratos Wealth Partners LTD. purchased a new position in Blackrock Credit Allocation Income Trust (NYSE:BTZ) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 26,076 shares of the investment management company’s stock, valued at approximately $354,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BTZ. Aviance Capital Partners LLC lifted its position in shares of Blackrock Credit Allocation Income Trust by 5.2% in the 2nd quarter. Aviance Capital Partners LLC now owns 36,293 shares of the investment management company’s stock worth $488,000 after purchasing an additional 1,791 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Blackrock Credit Allocation Income Trust by 14.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 28,337 shares of the investment management company’s stock worth $381,000 after purchasing an additional 3,608 shares during the period. Nwam LLC lifted its position in shares of Blackrock Credit Allocation Income Trust by 4.4% in the 2nd quarter. Nwam LLC now owns 719,632 shares of the investment management company’s stock worth $9,679,000 after purchasing an additional 30,526 shares during the period. IFP Advisors Inc increased its stake in shares of Blackrock Credit Allocation Income Trust by 3.8% in the 2nd quarter. IFP Advisors Inc now owns 27,677 shares of the investment management company’s stock valued at $372,000 after acquiring an additional 1,014 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its stake in shares of Blackrock Credit Allocation Income Trust by 990.7% in 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 acquiring an additional 19,260 shares in the last quarter.

Shares of Blackrock Credit Allocation Income Trust (BTZ) opened at $13.29 on Friday. Blackrock Credit Allocation Income Trust has a one year low of $12.24 and a one year high of $13.66.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be paid a $0.067 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.80 annualized dividend and a dividend yield of 6.05%.

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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.

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

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