BlackRock Capital Allocation Term Trust (NYSE:BCAT) Hits New 52-Week High – Here’s What Happened

BlackRock Capital Allocation Term Trust (NYSE:BCATGet Free Report) reached a new 52-week high on Monday . The stock traded as high as $16.05 and last traded at $16.0650, with a volume of 651691 shares trading hands. The stock had previously closed at $15.82.

BlackRock Capital Allocation Term Trust Trading Down 0.4%

The firm has a 50-day simple moving average of $15.54 and a 200 day simple moving average of $14.96.

BlackRock Capital Allocation Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.2542 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 19.2%.

Institutional Trading of BlackRock Capital Allocation Term Trust

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its position in BlackRock Capital Allocation Term Trust by 401.7% during the 1st quarter. Royal Bank of Canada now owns 428,585 shares of the company’s stock valued at $6,172,000 after purchasing an additional 343,154 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of BlackRock Capital Allocation Term Trust by 35.7% during the first quarter. Integrated Wealth Concepts LLC now owns 34,000 shares of the company’s stock valued at $490,000 after buying an additional 8,950 shares during the last quarter. First Trust Advisors LP increased its holdings in BlackRock Capital Allocation Term Trust by 6.4% in the 2nd quarter. First Trust Advisors LP now owns 98,136 shares of the company’s stock worth $1,486,000 after buying an additional 5,946 shares in the last quarter. NewEdge Advisors LLC bought a new stake in BlackRock Capital Allocation Term Trust in the 2nd quarter worth about $233,000. Finally, Quantinno Capital Management LP purchased a new position in BlackRock Capital Allocation Term Trust in the 2nd quarter worth about $428,000. 36.12% of the stock is owned by institutional investors.

BlackRock Capital Allocation Term Trust Company Profile

(Get Free Report)

BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a closed-end, diversified management investment company organized as a term trust. The fund’s primary objective is to deliver high current income and total return by investing across a broad range of credit and equity markets. BCAT seeks to achieve this objective through a portfolio of corporate debt securities, floating-rate loans, convertible securities, common and preferred equity, and asset-backed securities.

BCAT employs an actively managed, multi-sector credit approach that spans investment-grade and below-investment-grade bonds, senior secured loans and structured credit.

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