BlackRock Credit Allocation Income Trust $BTZ Shares Purchased by Rareview Capital LLC

Rareview Capital LLC raised its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 158.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 367,912 shares of the investment management company’s stock after acquiring an additional 225,471 shares during the quarter. BlackRock Credit Allocation Income Trust makes up 2.3% of Rareview Capital LLC’s investment portfolio, making the stock its 12th largest position. Rareview Capital LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $4,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BTZ. Prevail Innovative Wealth Advisors LLC purchased a new stake in BlackRock Credit Allocation Income Trust in the 3rd quarter valued at approximately $575,000. Elevation Point Wealth Partners LLC purchased a new position in BlackRock Credit Allocation Income Trust during the third quarter worth $886,000. Emissary Wealth LLC purchased a new position in BlackRock Credit Allocation Income Trust during the fourth quarter worth $2,863,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of BlackRock Credit Allocation Income Trust by 1,891.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,513,798 shares of the investment management company’s stock worth $16,394,000 after acquiring an additional 1,437,794 shares during the last quarter. Finally, Sit Investment Associates Inc. raised its holdings in shares of BlackRock Credit Allocation Income Trust by 8.3% in the fourth quarter. Sit Investment Associates Inc. now owns 6,430,309 shares of the investment management company’s stock worth $69,640,000 after acquiring an additional 492,132 shares during the last quarter.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of NYSE:BTZ opened at $10.24 on Friday. BlackRock Credit Allocation Income Trust has a 52-week low of $9.70 and a 52-week high of $11.18. The stock’s fifty day simple moving average is $10.17 and its 200-day simple moving average is $10.39.

BlackRock Credit Allocation Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.0839 dividend. This represents a c) dividend on an annualized basis and a yield of 9.8%. The ex-dividend date is Tuesday, September 15th.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.