Royal Bank of Canada Sells 107,606 Shares of BlackRock Credit Allocation Income Trust $BTZ

Royal Bank of Canada trimmed its position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 12.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 762,220 shares of the investment management company’s stock after selling 107,606 shares during the period. Royal Bank of Canada’s holdings in BlackRock Credit Allocation Income Trust were worth $7,698,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp bought a new position in shares of BlackRock Credit Allocation Income Trust in the 1st quarter worth about $34,000. Comerica Bank lifted its position in BlackRock Credit Allocation Income Trust by 136.5% during the 3rd quarter. Comerica Bank now owns 4,063 shares of the investment management company’s stock valued at $45,000 after acquiring an additional 2,345 shares during the period. Advisory Services Network LLC bought a new stake in BlackRock Credit Allocation Income Trust during the third quarter worth about $103,000. Stephens Inc. AR bought a new stake in BlackRock Credit Allocation Income Trust during the first quarter worth about $106,000. Finally, Equitable Holdings Inc. purchased a new stake in BlackRock Credit Allocation Income Trust in the third quarter worth about $113,000.

BlackRock Credit Allocation Income Trust Stock Up 0.2%

Shares of NYSE BTZ opened at $10.26 on Tuesday. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.70 and a fifty-two week high of $11.18. The company has a 50 day simple moving average of $10.13 and a two-hundred day simple moving average of $10.27.

BlackRock Credit Allocation Income Trust Announces Dividend

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

About BlackRock Credit Allocation Income Trust

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.