EP Wealth Advisors LLC Sells 7,113 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

EP Wealth Advisors LLC cut its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 5.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 126,029 shares of the investment management company’s stock after selling 7,113 shares during the quarter. EP Wealth Advisors LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $1,347,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BTZ. 1607 Capital Partners LLC grew its stake in BlackRock Credit Allocation Income Trust by 14.5% during the 4th quarter. 1607 Capital Partners LLC now owns 562,466 shares of the investment management company’s stock worth $5,805,000 after buying an additional 71,100 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in BlackRock Credit Allocation Income Trust by 6.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 916,217 shares of the investment management company’s stock valued at $9,455,000 after purchasing an additional 53,833 shares during the last quarter. Mayflower Financial Advisors LLC purchased a new stake in BlackRock Credit Allocation Income Trust during the 4th quarter valued at about $196,000. CTC Alternative Strategies Ltd. purchased a new stake in BlackRock Credit Allocation Income Trust during the 4th quarter valued at about $148,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of BlackRock Credit Allocation Income Trust in the 4th quarter valued at about $30,000.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of BTZ stock traded up $0.09 on Friday, hitting $10.71. The company had a trading volume of 264,957 shares, compared to its average volume of 258,986. The company has a 50-day moving average price of $10.63 and a 200-day moving average price of $10.61. BlackRock Credit Allocation Income Trust has a twelve month low of $9.10 and a twelve month high of $11.13.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be issued a $0.0839 dividend. This represents a $1.01 annualized dividend and a dividend yield of 9.40%. The ex-dividend date is Monday, July 15th. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

About BlackRock Credit Allocation Income Trust

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.