Edge Wealth Management LLC Sells 7,127 Shares of Blackrock Credit Allocation Income Trust (BTZ)

Edge Wealth Management LLC decreased its position in Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 46.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,150 shares of the investment management company’s stock after selling 7,127 shares during the quarter. Edge Wealth Management LLC’s holdings in Blackrock Credit Allocation Income Trust were worth $91,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BTZ. Chicago Partners Investment Group LLC lifted its holdings in Blackrock Credit Allocation Income Trust by 51.4% in the third quarter. Chicago Partners Investment Group LLC now owns 13,951 shares of the investment management company’s stock valued at $163,000 after acquiring an additional 4,735 shares during the period. We Are One Seven LLC bought a new position in Blackrock Credit Allocation Income Trust in the third quarter valued at about $201,000. PNC Financial Services Group Inc. lifted its holdings in Blackrock Credit Allocation Income Trust by 44.1% in the third quarter. PNC Financial Services Group Inc. now owns 17,312 shares of the investment management company’s stock valued at $212,000 after acquiring an additional 5,300 shares during the period. Bank of New York Mellon Corp lifted its holdings in Blackrock Credit Allocation Income Trust by 42.7% in the third quarter. Bank of New York Mellon Corp now owns 17,612 shares of the investment management company’s stock valued at $216,000 after acquiring an additional 5,267 shares during the period. Finally, SMH Capital Advisors Inc. lifted its holdings in Blackrock Credit Allocation Income Trust by 28.5% in the third quarter. SMH Capital Advisors Inc. now owns 23,359 shares of the investment management company’s stock valued at $286,000 after acquiring an additional 5,177 shares during the period.

BTZ stock opened at $11.65 on Friday. Blackrock Credit Allocation Income Trust has a fifty-two week low of $11.06 and a fifty-two week high of $13.30.



The business also recently disclosed a monthly dividend, which was paid on Wednesday, January 9th. Stockholders of record on Monday, December 31st were paid a $0.067 dividend. This represents a $0.80 annualized dividend and a dividend yield of 6.90%. The ex-dividend date was Friday, December 28th.

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Blackrock Credit Allocation Income Trust Company Profile

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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