Patten & Patten Inc. TN acquired a new position in BlackRock Credit Allocation Income Trust (NYSE:BTZ – Free Report) in the first quarter, Holdings Channel reports. The fund acquired 10,000 shares of the investment management company’s stock, valued at approximately $107,000.
A number of other institutional investors have also added to or reduced their stakes in BTZ. McGlone Suttner Wealth Management Inc. bought a new stake in BlackRock Credit Allocation Income Trust in the 4th quarter worth about $30,000. Parallel Advisors LLC bought a new stake in BlackRock Credit Allocation Income Trust in the 4th quarter worth about $57,000. Affiance Financial LLC bought a new stake in BlackRock Credit Allocation Income Trust in the 1st quarter worth about $107,000. Tyche Wealth Partners LLC bought a new stake in BlackRock Credit Allocation Income Trust in the 4th quarter worth about $114,000. Finally, MRA Advisory Group bought a new position in shares of BlackRock Credit Allocation Income Trust during the 1st quarter valued at approximately $122,000.
BlackRock Credit Allocation Income Trust Stock Up 0.3 %
Shares of BlackRock Credit Allocation Income Trust stock traded up $0.03 on Tuesday, reaching $10.60. 20,698 shares of the company traded hands, compared to its average volume of 258,172. BlackRock Credit Allocation Income Trust has a 52 week low of $9.10 and a 52 week high of $11.13. The company has a 50 day moving average of $10.62 and a 200 day moving average of $10.61.
BlackRock Credit Allocation Income Trust Increases Dividend
About BlackRock Credit Allocation Income Trust
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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Want to see what other hedge funds are holding BTZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Credit Allocation Income Trust (NYSE:BTZ – Free Report).
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