BlackRock Capital Allocation Term Trust (NYSE:BCAT – Get Free Report) shares fell 0.9% on Friday . The company traded as low as $15.46 and last traded at $15.4870. 635,472 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 717,457 shares. The stock had previously closed at $15.62.
BlackRock Capital Allocation Term Trust Stock Down 0.9%
The stock’s fifty day simple moving average is $15.10 and its two-hundred day simple moving average is $14.77.
Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust
A number of hedge funds have recently made changes to their positions in the stock. Cohen & Steers Inc. boosted its holdings in shares of BlackRock Capital Allocation Term Trust by 0.6% in the 4th quarter. Cohen & Steers Inc. now owns 1,632,657 shares of the company’s stock valued at $23,118,000 after purchasing an additional 10,000 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of BlackRock Capital Allocation Term Trust by 8.9% in the 2nd quarter. Bank of America Corp DE now owns 1,424,014 shares of the company’s stock valued at $21,560,000 after purchasing an additional 116,151 shares during the last quarter. Rivernorth Capital Management LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust in the 4th quarter valued at $19,940,000. Invesco Ltd. boosted its holdings in shares of BlackRock Capital Allocation Term Trust by 4.3% in the 3rd quarter. Invesco Ltd. now owns 1,324,286 shares of the company’s stock valued at $19,586,000 after purchasing an additional 54,297 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 11.3% during the 3rd quarter. Penserra Capital Management LLC now owns 1,303,212 shares of the company’s stock valued at $19,274,000 after acquiring an additional 132,104 shares in the last quarter. Institutional investors and hedge funds own 36.12% of the company’s stock.
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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