Rareview Capital LLC Increases Stake in BlackRock Credit Allocation Income Trust $BTZ

Rareview Capital LLC lifted its position in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 14.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 420,186 shares of the investment management company’s stock after buying an additional 52,274 shares during the quarter. BlackRock Credit Allocation Income Trust makes up 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 reporting period.

A number of other large investors also recently modified their holdings of the company. Royal Bank of Canada grew its stake in BlackRock Credit Allocation Income Trust by 1.4% during the first quarter. Royal Bank of Canada now owns 889,121 shares of the investment management company’s stock valued at $9,531,000 after acquiring an additional 12,607 shares in the last quarter. Jane Street Group LLC increased its holdings in BlackRock Credit Allocation Income Trust by 56.9% during the 1st quarter. Jane Street Group LLC now owns 17,799 shares of the investment management company’s stock worth $191,000 after acquiring an additional 6,455 shares during the period. Franklin Resources Inc. purchased a new stake in BlackRock Credit Allocation Income Trust in the 2nd quarter worth approximately $167,000. First Trust Advisors LP lifted its stake in BlackRock Credit Allocation Income Trust by 3.6% in the 2nd quarter. First Trust Advisors LP now owns 88,168 shares of the investment management company’s stock worth $963,000 after purchasing an additional 3,052 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new position in BlackRock Credit Allocation Income Trust in the 2nd quarter valued at $132,000.

BlackRock Credit Allocation Income Trust Price Performance

Shares of NYSE:BTZ opened at $9.96 on Friday. The firm has a fifty day moving average price of $10.14 and a two-hundred day moving average price of $10.20. BlackRock Credit Allocation Income Trust has a one year low of $9.70 and a one year high of $11.18.

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.