Advocacy Wealth Management Services buys $3,070,080 stake in Blackrock Credit Allocation Income Trust (BTZ)

Blackrock Credit Allocation Income Trust (BTZ) : Advocacy Wealth Management Services scooped up 194,910 additional shares in Blackrock Credit Allocation Income Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 242,311 shares of Blackrock Credit Allocation Income Trust which is valued at $3,070,080.Blackrock Credit Allocation Income Trust makes up approximately 1.54% of Advocacy Wealth Management Services’s portfolio.

Other Hedge Funds, Including , Jaffetilchin Investment Partners added BTZ to its portfolio by purchasing 37,727 company shares during the most recent quarter which is valued at $474,228. Blackrock Credit Allocation Income Trust makes up approx 0.15% of Jaffetilchin Investment Partners’s portfolio.Financial Investment Management Group Ltd reduced its stake in BTZ by selling 570,584 shares or 81.15% in the most recent quarter. The Hedge Fund company now holds 132,496 shares of BTZ which is valued at $1,665,475. Blackrock Credit Allocation Income Trust makes up approx 0.44% of Financial Investment Management Group Ltd’s portfolio.Creative Planning reduced its stake in BTZ by selling 475 shares or 13.54% in the most recent quarter. The Hedge Fund company now holds 3,033 shares of BTZ which is valued at $38,398.Proficio Capital Partners boosted its stake in BTZ in the latest quarter, The investment management firm added 17,575 additional shares and now holds a total of 46,284 shares of Blackrock Credit Allocation Income Trust which is valued at $585,955. Blackrock Credit Allocation Income Trust makes up approx 0.49% of Proficio Capital Partners’s portfolio.

BlackRock Credit Allocation Income Trust is a non-diversified closed-end management investment company. The Trust’s investment objective is to provide current income current gains and capital appreciation. The Trust seeks to achieve its investment objective by investing under normal market conditions at least 80% of its assets in credit-related securities including but not limited to investment grade corporate bonds high yield bonds bank loans preferred securities or convertible bonds or derivatives with economic characteristics similar to these credit-related securities. The Trust may invest directly in such securities or synthetically through the use of derivatives. BlackRock Advisors LLC is the Trusts’ investment manager.

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