Guggenheim Capital LLC increased its stake in Blackrock Preferred And (NYSE:BTZ) by 10.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,805 shares of the investment management company’s stock after purchasing an additional 14,351 shares during the quarter. Guggenheim Capital LLC owned approximately 0.14% of Blackrock Preferred And worth $2,075,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its stake in Blackrock Preferred And by 14.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 32,571 shares of the investment management company’s stock worth $442,000 after purchasing an additional 4,234 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Blackrock Preferred And by 42.4% in the 4th quarter. Bank of New York Mellon Corp now owns 18,163 shares of the investment management company’s stock worth $242,000 after purchasing an additional 5,408 shares in the last quarter. Suntrust Banks Inc. increased its stake in Blackrock Preferred And by 64.4% in the 4th quarter. Suntrust Banks Inc. now owns 18,606 shares of the investment management company’s stock worth $247,000 after purchasing an additional 7,290 shares in the last quarter. Westbourne Investment Advisors Inc. increased its stake in Blackrock Preferred And by 36.6% in the 4th quarter. Westbourne Investment Advisors Inc. now owns 28,910 shares of the investment management company’s stock worth $385,000 after purchasing an additional 7,750 shares in the last quarter. Finally, Uncommon Cents Investing LLC purchased a new position in Blackrock Preferred And in the 4th quarter worth about $198,000.
Shares of BTZ opened at $12.55 on Monday. Blackrock Preferred And has a 1-year low of $12.54 and a 1-year high of $13.66.
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About Blackrock Preferred And
BlackRock Credit Allocation Income Trust (the Trust) is a non-diversified closed-end management investment company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in industries, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.
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