BlackRock Capital Allocation Term Trust (NYSE:BCAT – Get Free Report) declared a monthly dividend on Thursday, September 10th. Stockholders of record on Friday, November 13th will be given a dividend of 0.2501 per share on Monday, November 30th. This represents a c) annualized dividend and a dividend yield of 20.3%. The ex-dividend date is Friday, November 13th.
BlackRock Capital Allocation Term Trust Stock Performance
Shares of NYSE BCAT opened at $14.79 on Friday. 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 $15.81 and a 200 day moving average price of $15.41.
Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust
Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in shares of BlackRock Capital Allocation Term Trust by 401.7% in the 1st quarter. Royal Bank of Canada now owns 428,585 shares of the company’s stock valued at $6,172,000 after buying an additional 343,154 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of BlackRock Capital Allocation Term Trust by 35.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 34,000 shares of the company’s stock worth $490,000 after acquiring an additional 8,950 shares in the last quarter. First Trust Advisors LP raised its stake in shares of BlackRock Capital Allocation Term Trust by 6.4% during the 2nd quarter. First Trust Advisors LP now owns 98,136 shares of the company’s stock worth $1,486,000 after acquiring an additional 5,946 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in BlackRock Capital Allocation Term Trust during the second quarter valued at approximately $233,000. Finally, Quantinno Capital Management LP purchased a new stake in BlackRock Capital Allocation Term Trust during the second quarter valued at approximately $428,000. 36.12% of the stock is currently owned by institutional investors.
About BlackRock Capital Allocation Term Trust
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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