Westbourne Investment Advisors Inc. Lowers Holdings in Blackrock Credit Allocation Income Trust (NYSE:BTZ)

Westbourne Investment Advisors Inc. decreased its holdings in Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 14.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,110 shares of the investment management company’s stock after selling 5,750 shares during the quarter. Westbourne Investment Advisors Inc.’s holdings in Blackrock Credit Allocation Income Trust were worth $478,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN lifted its stake in Blackrock Credit Allocation Income Trust by 1.5% in the second quarter. Wells Fargo & Company MN now owns 16,537,143 shares of the investment management company’s stock worth $214,487,000 after acquiring an additional 242,519 shares during the last quarter. Morgan Stanley lifted its stake in Blackrock Credit Allocation Income Trust by 6.2% in the second quarter. Morgan Stanley now owns 1,508,832 shares of the investment management company’s stock worth $19,570,000 after acquiring an additional 87,867 shares during the last quarter. UBS Group AG lifted its stake in Blackrock Credit Allocation Income Trust by 40.3% in the second quarter. UBS Group AG now owns 986,822 shares of the investment management company’s stock worth $12,799,000 after acquiring an additional 283,628 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in Blackrock Credit Allocation Income Trust by 5.0% in the second quarter. Capital Investment Advisors LLC now owns 799,898 shares of the investment management company’s stock worth $10,375,000 after acquiring an additional 37,920 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in shares of Blackrock Credit Allocation Income Trust by 3.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 592,447 shares of the investment management company’s stock worth $7,684,000 after buying an additional 17,546 shares during the last quarter.

Shares of NYSE:BTZ traded up $0.04 during trading on Tuesday, hitting $13.51. 8,100 shares of the company were exchanged, compared to its average volume of 279,206. Blackrock Credit Allocation Income Trust has a 12-month low of $11.06 and a 12-month high of $13.91. The firm’s 50 day moving average price is $13.61 and its 200-day moving average price is $13.12.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.084 per share. This represents a $1.01 annualized dividend and a dividend yield of 7.46%. The ex-dividend date of this dividend is Friday, October 11th. This is an increase from Blackrock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

Blackrock Credit Allocation Income Trust 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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