BlackRock Credit Allocation Income TrustBTZ
Market Cap: 1,000M
About: Blackrock Credit Allocation Income Trust is a diversified, closed-end Trust engaged in providing investment advisory and risk management solutions. Its investment objective of seeking current income, current gains, and capital appreciation. The company invests under normal market conditions, at least 80% of its assets in credit-related securities, including, but not limited to, investment-grade corporate bonds, high-yields, bank loans, preferred securities or convertible bonds, or derivatives with economic characteristics similar to these credit-related securities.
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
5% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 41
2% more capital invested
Capital invested by funds: $351M [Q4 2023] → $356M (+$5.65M) [Q1 2024]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]
0.71% less ownership
Funds ownership: 36.37% [Q4 2023] → 35.65% (-0.71%) [Q1 2024]
7% less funds holding
Funds holding: 148 [Q4 2023] → 137 (-11) [Q1 2024]
41% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 27
Research analyst outlook
We haven’t received any recent analyst ratings for BTZ.