Northwestern Mutual Wealth Management Co. Has $2.81 Million Position in Blackrock Credit Allocation Income Trust (BTZ)

Northwestern Mutual Wealth Management Co. increased its position in shares of Blackrock Credit Allocation Income Trust (NYSE:BTZ) by 30.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 229,498 shares of the investment management company’s stock after purchasing an additional 54,175 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Blackrock Credit Allocation Income Trust were worth $2,809,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SMH Capital Advisors Inc. raised its holdings in Blackrock Credit Allocation Income Trust by 28.5% during the third quarter. SMH Capital Advisors Inc. now owns 23,359 shares of the investment management company’s stock worth $286,000 after purchasing an additional 5,177 shares in the last quarter. Capital Investment Advisors LLC increased its holdings in Blackrock Credit Allocation Income Trust by 5.0% in the third quarter. Capital Investment Advisors LLC now owns 700,742 shares of the investment management company’s stock valued at $8,577,000 after buying an additional 33,062 shares in the last quarter. Bank of Montreal Can increased its holdings in Blackrock Credit Allocation Income Trust by 16.2% in the third quarter. Bank of Montreal Can now owns 266,000 shares of the investment management company’s stock valued at $3,256,000 after buying an additional 37,000 shares in the last quarter. We Are One Seven LLC purchased a new position in Blackrock Credit Allocation Income Trust in the third quarter valued at about $201,000. Finally, Saba Capital Management L.P. increased its holdings in Blackrock Credit Allocation Income Trust by 35.4% in the second quarter. Saba Capital Management L.P. now owns 211,353 shares of the investment management company’s stock valued at $2,553,000 after buying an additional 55,232 shares in the last quarter.

Shares of Blackrock Credit Allocation Income Trust stock opened at $11.87 on Friday. Blackrock Credit Allocation Income Trust has a 12-month low of $11.65 and a 12-month high of $13.51.

The business also recently announced a monthly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be issued a $0.067 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $0.80 dividend on an annualized basis and a yield of 6.77%.

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About Blackrock Credit Allocation Income Trust

There is no company description available for BlackRock Credit Allocation Income Trust.

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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).

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

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