BlackRock Credit Allocation Income Trust $BTZ Position Raised by Rareview Capital LLC

Rareview Capital LLC grew its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 14.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 420,186 shares of the investment management company’s stock after purchasing an additional 52,274 shares during the quarter. BlackRock Credit Allocation Income Trust comprises approximately 2.3% of Rareview Capital LLC’s portfolio, making the stock its 8th biggest holding. Rareview Capital LLC’s holdings in BlackRock Credit Allocation Income Trust were worth $4,588,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Sit Investment Associates Inc. lifted its stake in shares of 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 buying an additional 492,132 shares in the last quarter. Bank of America Corp DE grew its stake in BlackRock Credit Allocation Income Trust by 7.3% in the 3rd quarter. Bank of America Corp DE now owns 4,904,167 shares of the investment management company’s stock valued at $54,191,000 after buying an additional 332,714 shares in the last quarter. Guggenheim Capital LLC raised its holdings in BlackRock Credit Allocation Income Trust by 4.3% during the 4th quarter. Guggenheim Capital LLC now owns 1,989,430 shares of the investment management company’s stock valued at $21,546,000 after acquiring an additional 82,506 shares during the period. Raymond James Financial Inc. raised its holdings in BlackRock Credit Allocation Income Trust by 2.5% during the 3rd quarter. Raymond James Financial Inc. now owns 1,520,686 shares of the investment management company’s stock valued at $16,804,000 after acquiring an additional 36,757 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in 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 valued at $16,394,000 after acquiring an additional 1,437,794 shares during the period.

BlackRock Credit Allocation Income Trust Stock Performance

NYSE:BTZ opened at $9.96 on Friday. BlackRock Credit Allocation Income Trust has a 1 year low of $9.70 and a 1 year high of $11.18. The stock’s fifty day moving average price is $10.14 and its two-hundred day moving average price is $10.20.

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.