Nwam LLC Sells 100,675 Shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Nwam LLC lowered its holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ – Get Rating) by 67.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 47,773 shares of the investment management company’s stock after selling 100,675 shares during the quarter. Nwam LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BTZ. Future Financial Wealth Managment LLC bought a new position in shares of BlackRock Credit Allocation Income Trust in the 4th quarter worth approximately $74,000. Cetera Advisor Networks LLC bought a new position in BlackRock Credit Allocation Income Trust during the 3rd quarter valued at approximately $154,000. Capital Investment Advisory Services LLC bought a new position in BlackRock Credit Allocation Income Trust during the 4th quarter valued at approximately $222,000. RB Capital Management LLC increased its position in BlackRock Credit Allocation Income Trust by 12.4% during the 3rd quarter. RB Capital Management LLC now owns 15,551 shares of the investment management company’s stock valued at $236,000 after buying an additional 1,713 shares in the last quarter. Finally, WealthShield Partners LLC bought a new position in BlackRock Credit Allocation Income Trust during the 4th quarter valued at approximately $249,000.

BTZ stock opened at $11.08 on Wednesday. BlackRock Credit Allocation Income Trust has a twelve month low of $10.96 and a twelve month high of $15.95. The business has a 50 day moving average of $11.97 and a 200 day moving average of $13.46.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th will be issued a $0.084 dividend. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.10%. The ex-dividend date is Friday, May 13th.

BlackRock Credit Allocation Income Trust Company Profile (Get Rating)

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.

See Also