Evolve Private Wealth LLC acquired a new position in BlackRock Capital Allocation Term Trust (NYSE:BCAT – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 51,089 shares of the company’s stock, valued at approximately $814,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Keebeck Wealth Management purchased a new stake in BlackRock Capital Allocation Term Trust during the second quarter worth $5,607,000. OneAscent Family Office LLC purchased a new position in shares of BlackRock Capital Allocation Term Trust in the 2nd quarter valued at $498,000. BlackRock Inc. purchased a new position in shares of BlackRock Capital Allocation Term Trust in the 2nd quarter valued at $152,000. Joseph P. Lucia & Associates LLC bought a new position in shares of BlackRock Capital Allocation Term Trust in the 2nd quarter worth $534,000. Finally, Global Retirement Partners LLC bought a new position in shares of BlackRock Capital Allocation Term Trust in the 2nd quarter worth $115,000. 36.12% of the stock is currently owned by institutional investors.
BlackRock Capital Allocation Term Trust Stock Performance
Shares of NYSE BCAT opened at $15.89 on Monday. BlackRock Capital Allocation Term Trust has a 1-year low of $13.73 and a 1-year high of $16.20. The business has a fifty day moving average price of $15.79 and a 200 day moving average price of $15.31.
BlackRock Capital Allocation Term Trust Announces Dividend
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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