Royal Bank of Canada lifted its holdings in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT – Free Report) by 50.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 570,035 shares of the company’s stock after acquiring an additional 190,604 shares during the quarter. Royal Bank of Canada’s holdings in BlackRock Capital Allocation Term Trust were worth $8,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Absolute Investment Advisers LLC bought a new position in BlackRock Capital Allocation Term Trust during the 4th quarter valued at about $5,083,000. Wolverine Asset Management LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust in the fourth quarter worth approximately $2,565,000. Closed End Fund Advisors Inc. purchased a new position in shares of BlackRock Capital Allocation Term Trust during the fourth quarter valued at approximately $519,000. Lido Advisors LLC raised its holdings in shares of BlackRock Capital Allocation Term Trust by 1,243.1% during the fourth quarter. Lido Advisors LLC now owns 180,590 shares of the company’s stock valued at $2,566,000 after purchasing an additional 167,144 shares during the last quarter. Finally, Formidable Asset Management LLC bought a new position in BlackRock Capital Allocation Term Trust during the first quarter valued at approximately $933,000. 36.12% of the stock is currently owned by institutional investors.
BlackRock Capital Allocation Term Trust Stock Performance
Shares of BCAT stock opened at $16.08 on Tuesday. BlackRock Capital Allocation Term Trust has a 12-month low of $13.73 and a 12-month high of $16.18. The firm’s 50 day moving average is $15.76 and its 200 day moving average is $15.24.
BlackRock Capital Allocation Term Trust Dividend Announcement
BlackRock Capital Allocation Term Trust Company Profile
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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Want to see what other hedge funds are holding BCAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Capital Allocation Term Trust (NYSE:BCAT – Free Report).
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