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

PNC Financial Services Group Inc. boosted its holdings in shares of BlackRock Credit Allocation Income Trust (NYSE:BTZ) by 112.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 9,371 shares of the investment management company’s stock after purchasing an additional 4,964 shares during the period. PNC Financial Services Group Inc.’s holdings in BlackRock Credit Allocation Income Trust were worth $100,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust in the first quarter valued at about $50,000. Cullen Frost Bankers Inc. bought a new stake in shares of BlackRock Credit Allocation Income Trust in the first quarter valued at about $103,000. Baird Financial Group Inc. bought a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter valued at about $116,000. Jane Street Group LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter valued at about $119,000. Finally, SOA Wealth Advisors LLC. bought a new stake in shares of BlackRock Credit Allocation Income Trust in the first quarter valued at about $140,000.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.90 on Wednesday. The stock’s 50-day moving average is $10.91 and its 200-day moving average is $10.69. BlackRock Credit Allocation Income Trust has a one year low of $9.54 and a one year high of $11.30.

BlackRock Credit Allocation Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given 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 dividend yield of 9.2%.

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.