EP Wealth Advisors LLC Has $1.13 Million Holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

EP Wealth Advisors LLC trimmed its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,812 shares of the investment management company’s stock after selling 9,481 shares during the period. EP Wealth Advisors LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $1,128,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BTZ. HighTower Advisors LLC increased its stake in shares of BlackRock Credit Allocation Income Trust by 10.8% in the fourth quarter. HighTower Advisors LLC now owns 15,594 shares of the investment management company’s stock valued at $163,000 after buying an additional 1,514 shares during the period. Janney Montgomery Scott LLC acquired a new stake in BlackRock Credit Allocation Income Trust during the 4th quarter valued at approximately $162,000. LPL Financial LLC raised its holdings in BlackRock Credit Allocation Income Trust by 43.1% during the 4th quarter. LPL Financial LLC now owns 778,180 shares of the investment management company’s stock worth $8,140,000 after purchasing an additional 234,539 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of BlackRock Credit Allocation Income Trust by 8.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,012,548 shares of the investment management company’s stock worth $10,591,000 after purchasing an additional 82,526 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of BlackRock Credit Allocation Income Trust by 26.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 53,263 shares of the investment management company’s stock valued at $557,000 after purchasing an additional 11,250 shares during the last quarter.

BlackRock Credit Allocation Income Trust Stock Performance

BTZ stock opened at $10.62 on Friday. The company’s fifty day simple moving average is $10.46 and its 200 day simple moving average is $10.65. BlackRock Credit Allocation Income Trust has a 12-month low of $9.54 and a 12-month high of $11.30.

BlackRock Credit Allocation Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be given a dividend of $0.0839 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.01 annualized dividend and a dividend yield of 9.48%.

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.