Rareview Capital LLC boosted its position in BlackRock Credit Allocation Income Trust (NYSE:BTZ – Free Report) by 158.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 367,912 shares of the investment management company’s stock after acquiring an additional 225,471 shares during the period. BlackRock Credit Allocation Income Trust comprises approximately 2.3% of Rareview Capital LLC’s holdings, making the stock its 12th biggest holding. Rareview Capital LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $4,018,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of BlackRock Credit Allocation Income Trust by 1,891.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,513,798 shares of the investment management company’s stock worth $16,394,000 after purchasing an additional 1,437,794 shares during the period. Bank of America Corp DE boosted its holdings in shares of BlackRock Credit Allocation Income Trust by 19.4% during the second quarter. Bank of America Corp DE now owns 4,571,453 shares of the investment management company’s stock worth $49,920,000 after purchasing an additional 742,650 shares during the last quarter. Sit Investment Associates Inc. grew its position 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 valued at $69,640,000 after purchasing an additional 492,132 shares during the period. Emissary Wealth LLC purchased a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter valued at $2,863,000. Finally, Raymond James Financial Inc. increased its stake in BlackRock Credit Allocation Income Trust by 8.6% in the second quarter. Raymond James Financial Inc. now owns 1,483,929 shares of the investment management company’s stock valued at $16,205,000 after purchasing an additional 117,660 shares during the last quarter.
BlackRock Credit Allocation Income Trust Trading Down 0.1%
NYSE BTZ opened at $10.24 on Friday. The business’s 50-day moving average price is $10.17 and its 200 day moving average price is $10.39. BlackRock Credit Allocation Income Trust has a twelve month low of $9.70 and a twelve month high of $11.18.
BlackRock Credit Allocation Income Trust Dividend Announcement
BlackRock Credit Allocation Income Trust 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.
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