Blackrock Credit Allocation Income Trust (BTZ) is Nwam LLC’s 7th Largest Position

Nwam LLC boosted its stake in Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 14.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 711,718 shares of the investment management company’s stock after purchasing an additional 92,276 shares during the period. Blackrock Credit Allocation Income Trust makes up about 1.9% of Nwam LLC’s investment portfolio, making the stock its 7th biggest holding. Nwam LLC’s holdings in Blackrock Credit Allocation Income Trust were worth $8,832,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BTZ. Sigma Planning Corp acquired a new position in Blackrock Credit Allocation Income Trust in the 4th quarter worth approximately $190,000. Fisher Asset Management LLC acquired a new stake in Blackrock Credit Allocation Income Trust during the 4th quarter worth approximately $206,000. PNC Financial Services Group Inc. boosted its position in Blackrock Credit Allocation Income Trust by 44.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 17,312 shares of the investment management company’s stock worth $212,000 after buying an additional 5,300 shares during the period. Bank of New York Mellon Corp boosted its position in Blackrock Credit Allocation Income Trust by 42.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 17,612 shares of the investment management company’s stock worth $216,000 after buying an additional 5,267 shares during the period. Finally, First Allied Advisory Services Inc. boosted its position in Blackrock Credit Allocation Income Trust by 78.5% during the 4th quarter. First Allied Advisory Services Inc. now owns 23,385 shares of the investment management company’s stock worth $262,000 after buying an additional 10,287 shares during the period.

NYSE:BTZ opened at $12.53 on Wednesday. Blackrock Credit Allocation Income Trust has a one year low of $11.06 and a one year high of $12.65.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a dividend of $0.067 per share. The ex-dividend date is Friday, April 12th. This represents a $0.80 annualized dividend and a yield of 6.42%.

TRADEMARK VIOLATION NOTICE: This article was first reported by Enterprise Leader and is owned by of Enterprise Leader. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://theenterpriseleader.com/2019/04/17/blackrock-credit-allocation-income-trust-btz-is-nwam-llcs-7th-largest-position.html.

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.

See Also: Initial Public Offering (IPO)

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

Receive News & Ratings for Blackrock Credit Allocation Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock Credit Allocation Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.