BlackRock Credit Allocation Income Trust (NYSE:BTZ) is expected to pay $0.07 on Nov 30, 2016. The indicated annual dividend is $1.00. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on BlackRock Credit Allocation Income Trust’s current price of $12.72, the dividend is 0.56%. This dividend’s record date is Nov 15, 2016 and the announcement date is Nov 2, 2016. The stock increased 0.39% or $0.05 on November 8, hitting $12.72. Blackrock Credit Allocation Income Trust (NYSE:BTZ) has risen 1.27% since April 7, 2016 and is uptrending. It has underperformed by 3.51% the S&P500.
Blackrock Credit Allocation Income Trust is a non-diversified, closed-end management investment company. The company has a market cap of $1.37 billion. The Trust’s investment objective is to provide current income, current gains and capital appreciation. It currently has negative earnings. The Trust invests approximately 80% of its assets in credit-related securities, including, but not limited to, investment grade corporate bonds, high yield bonds, bank loans, preferred securities or convertible bonds or derivatives with economic characteristics similar to these credit-related securities.
Insitutional Activity: The institutional sentiment increased to 1.22 in 2016 Q2. Its up 0.46, from 0.76 in 2016Q1. The ratio increased, as 11 funds sold all Blackrock Credit Allocation Income Trust shares owned while 25 reduced positions. 9 funds bought stakes while 35 increased positions. They now own 35.79 million shares or 0.22% less from 35.87 million shares in 2016Q1.
Suntrust Banks Incorporated last reported 12,622 shares in the company. Commonwealth Financial Services Ltd accumulated 0.01% or 429 shares. The Alabama-based Cornerstone has invested 0.13% in Blackrock Credit Allocation Income Trust (NYSE:BTZ). Cue Group has 0.95% invested in the company for 85,431 shares. North Star Inv Mgmt Corporation, a Illinois-based fund reported 1,592 shares. Lpl Limited Liability Corp has 0.03% invested in the company for 231,403 shares. Guggenheim Cap Lc reported 152,399 shares or 0.01% of all its holdings. Nuveen Asset Ltd Liability holds 0.01% of its portfolio in Blackrock Credit Allocation Income Trust (NYSE:BTZ) for 156,000 shares. Pinnacle Assocs Limited holds 10,180 shares or 0% of its portfolio. Stratos Wealth Prtnrs holds 0.02% of its portfolio in Blackrock Credit Allocation Income Trust (NYSE:BTZ) for 17,127 shares. David R Rahn And Assocs Inc accumulated 14,213 shares or 0.14% of the stock. New Vernon Mgmt Ltd Liability Corporation accumulated 200,284 shares or 2.28% of the stock. Goldman Sachs Gru holds 13,813 shares or 0% of its portfolio. Yorktown Company, a Virginia-based fund reported 90,000 shares. Fifth Third Bank reported 4,350 shares or 0% of all its holdings.
BTZ Company Profile
BlackRock Preferred and Equity Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to seek current income, current gains and capital appreciation. The Trust’s investment advisor is BlackRock Advisors, LLC, and the Trust’s sub-advisors are BlackRock Financial Management, Inc. and BlackRock Investment Management, LLC.
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