BlackRock Credit Allocation Income Trust (BTZ)

NYSE: BTZ · Real-Time Price · USD
10.48
+0.09 (0.87%)
Dec 20, 2024, 4:00 PM EST - Market closed
0.87%
Market Value 978.04M
Revenue (ttm) 107.62M
Net Income (ttm) 98.65M
Shares Out 93.32M
EPS (ttm) 1.06
PE Ratio 9.91
Forward PE n/a
Dividend $1.01 (9.62%)
Ex-Dividend Date Dec 16, 2024
Volume 542,267
Open 10.42
Previous Close 10.39
Day's Range 10.41 - 10.51
52-Week Range 9.92 - 11.30
Beta 0.80
Analysts n/a
Price Target n/a
Earnings Date n/a

About BTZ

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 ... [Read more]

Sector Financials
Founded 2006
Country United States
Stock Exchange NYSE
Ticker Symbol BTZ
Full Company Profile

News

BTZ: Narrow Credit Spreads Make This CEF A Sell (Rating Downgrade)

BTZ, a fixed income CEF, has a high 34% leverage ratio and invests in U.S. IG and HY bonds. Current credit spreads are very tight, and a mean reversion is expected in 2025, potentially leading to a -1...

7 days ago - Seeking Alpha

Wall Street Missed The Memo On These Bond Yields Up To 13%

It's a party on Wall Street! While the suits fawn over the hot “Trump trade” stocks, we dividend investors are going to dumpster dive.

Other symbols: EADHIXSDHY
5 weeks ago - Forbes

BTZ: Risks May Exceed Upside Potential For Bonds And This Bond CEF

The BlackRock Credit Allocation Income Trust offers a high yield of 8.96%, appealing to income-seeking investors despite its limited inflation protection. The BTZ closed-end fund's substantial allocat...

2 months ago - Seeking Alpha

BTZ: A Hold For Now Given Where Credit Spreads Are, 9.4% Yield

This analysis argues that BTZ, a BlackRock fixed income CEF, is not a good buy right now despite its attractive yield. The analysis highlights that current credit spreads are historically low, and whe...

6 months ago - Seeking Alpha

BTZ: A Decent Multi-Sector Bond Fund, But Lack Of Floaters A Risk

BlackRock Credit Allocation Income Trust is a debt-focused closed-end fund that boasts a 9.23% current yield. The BTZ closed-end fund claims to invest in a combination of floating-rate and fixed-rate ...

10 months ago - Seeking Alpha

BTZ: Good Debt Allocation Fund, But Fixed-Rate Bonds Might Be Overpriced

The BlackRock Credit Allocation Income Trust offers a current yield of 9.68%, lower than other debt funds in the market. The fund's shares have increased by 7.19% since October 12, 2023, outperforming...

1 year ago - Seeking Alpha

Closed-End Funds: Investment-Grade Corporate Fixed-Income Exposure To Consider

Investment-grade corporate-focused closed-end funds offer attractive fixed-income options with higher yields in the current higher-rate environment. Leverage and discounts/premiums in CEFs add volatil...

Other symbols: BHKBKTEGFFMYGDOHYGIGI
1 year ago - Seeking Alpha

BTZ: Decent Fund, But May Be Best Suited For A Pair Trade

The BlackRock Credit Allocation Income Trust offers a high yield of 10.29%, but it is lower than other fixed-income closed-end funds. The BTZ closed-end fund has outperformed its peers in the past, bu...

1 year ago - Seeking Alpha

CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best

Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptiona...

Other symbols: CMUDSLETXEVGEVNFLCFRA
1 year ago - Seeking Alpha

BTZ: This CEF Remains Attractively Valued

BlackRock Credit Allocation Income Trust provides diversified exposure to fixed-income securities with a multi-sector approach. BTZ remains attractively valued despite a bit of a narrowing discount, b...

1 year ago - Seeking Alpha

BTZ: Multi-Sector Bond Fund At A Discount

BTZ invests with a split between investment-grade and below-investment-grade debt with a multi-sector approach. The fund's latest discount has dropped into the double-digit area, where it becomes a mo...

1 year ago - Seeking Alpha

BTZ: Buy If You Think Yields Will Go Lower

BTZ provides high current income from a portfolio of credit instruments. It has a relatively high duration of 6.4 years, which caused 2022's poor performance.

2 years ago - Seeking Alpha

BTZ: Getting To A Better Valuation For This Multi-Sector Bond Fund

BTZ has been under pressure along with everything else through 2022 as interest rates have wreaked havoc. Now that some large declines are in and the fund has gone to a discount, there could be a bett...

2 years ago - Seeking Alpha

BTZ: Lock In Your 10% Yield Before It Bounces

This diversified CEF, while volatile, can be a great pick to deliver yield. The portfolio is managed by the reputable and prestigious BlackRock.

2 years ago - Seeking Alpha

Income Opportunities: CEFs And Rising Rates

After the Fed hiked interest rates for the fourth time this year, closed-end fund investors may wonder how their income will be affected. Past cycles have shown that valuations fall ahead of time in a...

Other symbols: AWFBDJBSTBXMXDSLETVETY
2 years ago - Seeking Alpha

BTZ: Moving From Sell To Hold After A -14% Drop

In January, we wrote an article detailing why we were assigning a Sell rating to BlackRock Credit Allocation Income Trust. The fund is down more than -14% since our rating.

2 years ago - Seeking Alpha

BTZ: More Weakness Ahead Despite A Solid Build

BTZ is a fixed income closed-end-fund that focuses mostly on investment grade bonds. Coming from BlackRock, the vehicle has posted robust results in the past 5- and 10-year periods but runs a high dur...

3 years ago - Seeking Alpha

BTZ: Attractive Returns, Attractive Distribution, But Interest Rates Could Be A Risk Here

BTZ has delivered solid returns for a multi-sector bond fund and is offered by the respected BlackRock. The distribution yield currently comes to 6.62% and is quite attractive as well.

3 years ago - Seeking Alpha

The 'High-High-Low' Closed-End Fund Report, August 2021

Only funds with yields over 7%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

Other symbols: ACPAODBGHBGXCIKDBLDHF
3 years ago - Seeking Alpha

BTZ: Strong Diversified Bond CEF, 6.5% Distribution Yield, But Lower Returns And Alpha Vs. Peers

BTZ's diversified holdings, strong 6.5% distribution yield, and market-beating returns make the fund a buy.

3 years ago - Seeking Alpha

CEF Report June 2021 | The Winch Tightens Further

Fixed income CEF discounts continue to tighten and are approaching 20-year highs. This won't last for long. Part II of this report will focus on when this ends.

Other symbols: BGHBHKBNDBWGGHYISDJFR
3 years ago - Seeking Alpha

BTZ: Watch Interest Rate Risks With This Otherwise Appealing Fund

BTZ is somewhat susceptible to interest rate risks, more so than many of the other fixed-income funds we follow. The reason for this is because they have fairly large exposure to investment-grade bond...

3 years ago - Seeking Alpha

PIMCO And BlackRock CEFs: 10.9% And 6.8% Yields

If you are looking for steady, high-income payments, PIMCO and BlackRock offer attractive closed-end funds that pay monthly. In addition to big monthly distribution payments, they both offer price app...

Other symbols: PDI
4 years ago - Seeking Alpha

BTZ: Multi-Sector Bond Fund Paying A 6.91% Yield

BTZ's distribution coverage has dipped in the last report, but isn't cause for too much concern at this time. The fund is a multisector bond fund, invested mostly in investment-grade holdings.

4 years ago - Seeking Alpha

Income Lab Ideas: Best Fund Sponsors For Each Sector

There are tons of fund sponsors out there with closed-end fund offerings, this list aims to start narrowing down where to look.

Other symbols: BBNBDJBSTDFPETVEXGFFC
4 years ago - Seeking Alpha