BlackRock Capital Allocation Term Trust (NYSE:BCAT - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $14.12 and last traded at $14.39, with a volume of 781283 shares trading hands. The stock had previously closed at $14.35.
BlackRock Capital Allocation Term Trust Stock Performance
The company has a 50 day simple moving average of $15.12 and a 200 day simple moving average of $15.69.
BlackRock Capital Allocation Term Trust Cuts Dividend
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $0.2848 per share. This represents a $3.42 dividend on an annualized basis and a yield of 25.01%. The ex-dividend date of this dividend is Tuesday, April 15th.
Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Elequin Capital LP bought a new position in shares of BlackRock Capital Allocation Term Trust in the 4th quarter valued at $162,000. Cetera Investment Advisers boosted its stake in shares of BlackRock Capital Allocation Term Trust by 11.8% during the fourth quarter. Cetera Investment Advisers now owns 39,302 shares of the company's stock valued at $595,000 after purchasing an additional 4,163 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust during the fourth quarter worth about $221,000. Cary Street Partners Financial LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust in the fourth quarter valued at approximately $186,000. Finally, CF Capital LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust in the fourth quarter valued at approximately $7,501,000. Institutional investors own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Company Profile
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