Blackrock Credit Allocation Income Trust (NYSE:BTZ) Shifting Institutional Investors Sentiment

April 17, 2018 - By Marguerite Chambers

Sentiment for Blackrock Credit Allocation Income Trust (NYSE:BTZ)

Blackrock Credit Allocation Income Trust (NYSE:BTZ) institutional sentiment decreased to 1.24 in Q4 2017. Its down -0.24, from 1.48 in 2017Q3. The ratio dropped, as 47 active investment managers started new or increased positions, while 38 cut down and sold their stock positions in Blackrock Credit Allocation Income Trust. The active investment managers in our partner’s database now hold: 40.62 million shares, up from 39.47 million shares in 2017Q3. Also, the number of active investment managers holding Blackrock Credit Allocation Income Trust in their top 10 positions decreased from 3 to 2 for a decrease of 1. Sold All: 9 Reduced: 29 Increased: 33 New Position: 14.

The stock decreased 0.08% or $0.01 during the last trading session, reaching $12.56. About 236,846 shares traded or 12.36% up from the average. BlackRock Credit Allocation Income Trust (NYSE:BTZ) has declined 3.54% since April 17, 2017 and is downtrending. It has underperformed by 15.09% the S&P500.

Spectrum Asset Management Inc. holds 8.49% of its portfolio in BlackRock Credit Allocation Income Trust for 966,571 shares. Rivernorth Capital Management Llc owns 2.82 million shares or 2.62% of their US portfolio. Moreover, Lehman Financial Resources Inc. has 2.19% invested in the company for 317,100 shares. The New York-based Karpus Management Inc. has invested 1.98% in the stock. New Vernon Investment Management Llc, a Illinois-based fund reported 140,284 shares.#img1#

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.