Rivernorth Capital Management Lowers stake in Blackrock Credit Allocation Income Trust (BTZ)

Blackrock Credit Allocation Income Trust (BTZ) : Rivernorth Capital Management reduced its stake in Blackrock Credit Allocation Income Trust by 0.47% during the most recent quarter end. The investment management company now holds a total of 3,059,562 shares of Blackrock Credit Allocation Income Trust which is valued at $41,059,322 after selling 14,500 shares in Blackrock Credit Allocation Income Trust , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Blackrock Credit Allocation Income Trust makes up approximately 2.34% of Rivernorth Capital Management’s portfolio.

Other Hedge Funds, Including , Ionic Capital Management sold out all of its stake in BTZ during the most recent quarter. The investment firm sold 48,583 shares of BTZ which is valued $651,984. Johnson Financial Group added BTZ to its portfolio by purchasing 300,948 company shares during the most recent quarter which is valued at $4,038,722. Blackrock Credit Allocation Income Trust makes up approx 0.54% of Johnson Financial Group’s portfolio.Camelot Portfolios boosted its stake in BTZ in the latest quarter, The investment management firm added 530 additional shares and now holds a total of 40,469 shares of Blackrock Credit Allocation Income Trust which is valued at $543,094. Blackrock Credit Allocation Income Trust makes up approx 0.30% of Camelot Portfolios’s portfolio.Aviance Capital Partners boosted its stake in BTZ in the latest quarter, The investment management firm added 5,569 additional shares and now holds a total of 27,290 shares of Blackrock Credit Allocation Income Trust which is valued at $366,232. Blackrock Credit Allocation Income Trust makes up approx 0.13% of Aviance 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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