BlackRock Credit Allocation Income Trust (BTZ)
BlackRock Credit Allocation Income Trust operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $10.24, up 0.00% on the session, giving a market capitalisation of $955.6M. On trailing twelve-month figures it carries a trailing P/E of 7.59, a net margin of 94.0%. Its beta of 0.74 implies it has historically moved less than the broad market.
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. It invests in investment grade corporate bonds, high yield bonds, bank loans, preferred securities or convertible bonds or derivatives. The fund was formerly known as BlackRock Preferred & Equity Advantage Trust. BlackRock Credit Allocation Income Trust was formed on December 27, 2006 and is domiciled in the United States.
BlackRock Credit Allocation Income Trust is most often compared with the following Financial Services names: