Rareview Capital LLC Boosts Holdings in BlackRock Credit Allocation Income Trust $BTZ

Rareview Capital LLC lifted its stake in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,518 shares of the investment management company’s stock after buying an additional 5,470 shares during the period. BlackRock Credit Allocation Income Trust makes up 1.1% of Rareview Capital LLC’s investment portfolio, making the stock its 28th largest holding. Rareview Capital LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $1,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of BTZ. Sit Investment Associates Inc. grew its position in shares of BlackRock Credit Allocation Income Trust by 8.1% in the 1st quarter. Sit Investment Associates Inc. now owns 5,581,167 shares of the investment management company’s stock valued at $59,830,000 after buying an additional 419,791 shares during the last quarter. Smith Asset Management Co. LLC purchased a new position in shares of BlackRock Credit Allocation Income Trust in the 1st quarter valued at $3,193,000. Guggenheim Capital LLC grew its position in shares of BlackRock Credit Allocation Income Trust by 13.1% in the 1st quarter. Guggenheim Capital LLC now owns 1,629,233 shares of the investment management company’s stock valued at $17,465,000 after buying an additional 189,018 shares during the last quarter. LPL Financial LLC grew its position in BlackRock Credit Allocation Income Trust by 22.5% during the 1st quarter. LPL Financial LLC now owns 953,632 shares of the investment management company’s stock worth $10,223,000 after purchasing an additional 175,452 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in BlackRock Credit Allocation Income Trust by 9.8% during the 1st quarter. D.A. Davidson & CO. now owns 224,348 shares of the investment management company’s stock worth $2,405,000 after purchasing an additional 19,958 shares during the last quarter.

BlackRock Credit Allocation Income Trust Price Performance

Shares of BlackRock Credit Allocation Income Trust stock opened at $11.14 on Tuesday. BlackRock Credit Allocation Income Trust has a 1 year low of $9.54 and a 1 year high of $11.18. The company’s fifty day moving average is $11.06 and its two-hundred day moving average is $10.87.

BlackRock Credit Allocation Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a $0.0839 dividend. The ex-dividend date is Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 9.0%.

BlackRock Credit Allocation Income Trust Profile

BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor's Corporation.