Valen Private Capital LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 41,495 shares of the company’s stock, valued at approximately $568,000.
Several other institutional investors and hedge funds also recently made changes to their positions in BCAT. Bank of America Corp DE bought a new position in BlackRock Capital Allocation Term Trust during the 2nd quarter valued at about $24,720,000. Keebeck Wealth Management purchased a new position in shares of BlackRock Capital Allocation Term Trust in the 2nd quarter worth $5,607,000. Royal Bank of Canada lifted its holdings in BlackRock Capital Allocation Term Trust by 50.2% in the first quarter. Royal Bank of Canada now owns 570,035 shares of the company’s stock valued at $8,055,000 after acquiring an additional 190,604 shares during the period. Perennial Investment Advisors LLC bought a new position in BlackRock Capital Allocation Term Trust in the second quarter valued at about $1,826,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in BlackRock Capital Allocation Term Trust in the second quarter worth about $571,000. Institutional investors own 36.12% of the company’s stock.
BlackRock Capital Allocation Term Trust Stock Performance
BlackRock Capital Allocation Term Trust stock opened at $13.18 on Friday. BlackRock Capital Allocation Term Trust has a 52-week low of $12.91 and a 52-week high of $16.20. The business has a 50-day simple moving average of $14.57 and a two-hundred day simple moving average of $15.20.
BlackRock Capital Allocation Term Trust Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a dividend of $0.2501 per share. This represents a $3.00 annualized dividend and a yield of 22.8%. The ex-dividend date of this dividend is Friday, December 11th.
BlackRock Capital Allocation Term Trust Profile
BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a diversified, closed-end investment fund managed by BlackRock Advisors, LLC. The fund seeks to provide total return through a combination of current income and capital appreciation.
BCAT invests across global equity and fixed-income markets, using a flexible asset-allocation strategy. Its portfolio may include common stocks, preferred securities, corporate and government bonds, mortgage- and asset-backed securities, convertible securities, and other income-producing investments.
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