Sentiment Change Report: Blackrock Credit Allocation Income Trust (NYSE:BTZ)

April 17, 2018 - By wolcottdaily

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

Blackrock Credit Allocation Income Trust (NYSE:BTZ) institutional sentiment decreased to 1.24 in 2017 Q4. Its down -0.24, from 1.48 in 2017Q3. The ratio worsened, as 47 funds started new and increased holdings, while 38 cut down and sold their stakes in Blackrock Credit Allocation Income Trust. The funds in our partner’s database now have: 40.62 million shares, up from 39.47 million shares in 2017Q3. Also, the number of funds holding Blackrock Credit Allocation Income Trust in their top 10 holdings 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#

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