Royal Bank of Canada lessened its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ – Free Report) by 12.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 762,220 shares of the investment management company’s stock after selling 107,606 shares during the quarter. Royal Bank of Canada’s holdings in BlackRock Credit Allocation Income Trust were worth $7,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of BTZ. Sit Investment Associates Inc. increased its stake in BlackRock Credit Allocation Income Trust by 8.3% during the 4th 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 in the last quarter. Bank of America Corp DE raised its holdings in BlackRock Credit Allocation Income Trust by 7.3% in the third quarter. Bank of America Corp DE now owns 4,904,167 shares of the investment management company’s stock worth $54,191,000 after buying an additional 332,714 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of BlackRock Credit Allocation Income Trust by 4.3% in the fourth quarter. Guggenheim Capital LLC now owns 1,989,430 shares of the investment management company’s stock worth $21,546,000 after buying an additional 82,506 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of BlackRock Credit Allocation Income Trust by 2.5% during the third quarter. Raymond James Financial Inc. now owns 1,520,686 shares of the investment management company’s stock valued at $16,804,000 after buying an additional 36,757 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of BlackRock Credit Allocation Income Trust by 1,891.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,513,798 shares of the investment management company’s stock valued at $16,394,000 after buying an additional 1,437,794 shares during the last quarter.
BlackRock Credit Allocation Income Trust Price Performance
Shares of BTZ opened at $10.26 on Tuesday. The firm has a 50 day moving average of $10.13 and a 200 day moving average of $10.27. 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 Announces Dividend
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.
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