BlackRock Credit Allocation Income Trust $BTZ Stock Holdings Trimmed by Invesco Ltd.

Invesco Ltd. lowered its holdings in BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 2.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,265,933 shares of the investment management company’s stock after selling 37,964 shares during the period. Invesco Ltd.’s holdings in BlackRock Credit Allocation Income Trust were worth $13,571,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sound Income Strategies LLC bought a new position in BlackRock Credit Allocation Income Trust in the first quarter worth about $50,000. PNC Financial Services Group Inc. lifted its holdings in BlackRock Credit Allocation Income Trust by 112.6% in the first quarter. PNC Financial Services Group Inc. now owns 9,371 shares of the investment management company’s stock worth $100,000 after acquiring an additional 4,964 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in BlackRock Credit Allocation Income Trust in the first quarter worth about $103,000. Baird Financial Group Inc. bought a new position in BlackRock Credit Allocation Income Trust in the fourth quarter worth about $116,000. Finally, Jane Street Group LLC bought a new position in BlackRock Credit Allocation Income Trust in the fourth quarter worth about $119,000.

BlackRock Credit Allocation Income Trust Price Performance

Shares of NYSE BTZ opened at $10.91 on Friday. The firm’s 50-day moving average price is $10.92 and its two-hundred day moving average price is $10.70. BlackRock Credit Allocation Income Trust has a 52-week low of $9.54 and a 52-week high of $11.30.

BlackRock Credit Allocation Income Trust Announces Dividend

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

About BlackRock Credit Allocation Income Trust

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.