PNC Financial Services Group Inc. Buys 4,964 Shares of BlackRock Credit Allocation Income Trust $BTZ

PNC Financial Services Group Inc. increased its stake in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 112.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,371 shares of the investment management company’s stock after buying an additional 4,964 shares during the quarter. PNC Financial Services Group Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $100,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Concurrent Investment Advisors LLC lifted its position in shares of BlackRock Credit Allocation Income Trust by 7.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 22,419 shares of the investment management company’s stock worth $240,000 after buying an additional 1,643 shares during the period. Cetera Investment Advisers increased its holdings in BlackRock Credit Allocation Income Trust by 13.0% during the 4th quarter. Cetera Investment Advisers now owns 86,633 shares of the investment management company’s stock valued at $906,000 after purchasing an additional 9,984 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in BlackRock Credit Allocation Income Trust during the 1st quarter valued at $316,000. Jane Street Group LLC acquired a new stake in BlackRock Credit Allocation Income Trust during the 4th quarter valued at $119,000. Finally, Oppenheimer & Co. Inc. increased its holdings in BlackRock Credit Allocation Income Trust by 32.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 29,662 shares of the investment management company’s stock valued at $318,000 after purchasing an additional 7,222 shares in the last quarter.

BlackRock Credit Allocation Income Trust Price Performance

BTZ stock opened at $10.90 on Wednesday. The business has a fifty day moving average price of $10.91 and a 200 day moving average price of $10.69. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.54 and a fifty-two week high of $11.30.

BlackRock Credit Allocation Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.0839 dividend. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date of this dividend is Friday, August 15th.

BlackRock Credit Allocation Income Trust Company 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.