Lazard Asset Management LLC Lowers Stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ)

Lazard Asset Management LLC lowered its stake in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZGet Rating) by 37.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,483 shares of the investment management company’s stock after selling 12,092 shares during the period. Lazard Asset Management LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust during the fourth quarter valued at approximately $74,000. Cetera Advisor Networks LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust during the third quarter valued at approximately $154,000. Capital Investment Advisory Services LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust during the fourth quarter valued at approximately $222,000. RB Capital Management LLC raised its position in shares of BlackRock Credit Allocation Income Trust by 12.4% during the third 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 during the last quarter. Finally, 180 Wealth Advisors LLC raised its position in shares of BlackRock Credit Allocation Income Trust by 12.2% during the fourth quarter. 180 Wealth Advisors LLC now owns 16,952 shares of the investment management company’s stock valued at $236,000 after buying an additional 1,840 shares during the last quarter.

Shares of BTZ opened at $11.07 on Friday. The company’s fifty day moving average is $12.06 and its 200 day moving average is $13.56. BlackRock Credit Allocation Income Trust has a fifty-two week low of $11.05 and a fifty-two week high of $15.95.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 16th will be given a $0.084 dividend. This represents a $1.01 annualized dividend and a yield of 9.11%. The ex-dividend date of this dividend 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.

Further Reading

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

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