BlackRock Capital Allocation Term Trust (NYSE:BCAT - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The stock traded as low as $14.46 and last traded at $14.51, with a volume of 310923 shares. The stock had previously closed at $14.58.
BlackRock Capital Allocation Term Trust Stock Performance
The business has a 50 day moving average price of $15.26 and a 200-day moving average price of $15.77.
BlackRock Capital Allocation Term Trust Increases Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.2872 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.45 dividend on an annualized basis and a yield of 24.04%. This is a boost from BlackRock Capital Allocation Term Trust's previous monthly dividend of $0.10.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of BCAT. Ameriprise Financial Inc. lifted its stake in BlackRock Capital Allocation Term Trust by 1.9% in the 4th quarter. Ameriprise Financial Inc. now owns 44,528 shares of the company's stock valued at $675,000 after purchasing an additional 844 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of BlackRock Capital Allocation Term Trust by 13.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 17,150 shares of the company's stock valued at $260,000 after buying an additional 2,000 shares during the last quarter. Comerica Bank boosted its stake in shares of BlackRock Capital Allocation Term Trust by 27.1% during the 4th quarter. Comerica Bank now owns 10,126 shares of the company's stock worth $153,000 after acquiring an additional 2,157 shares during the period. CIBC Private Wealth Group LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust during the 4th quarter worth approximately $36,000. Finally, Anfield Capital Management LLC bought a new stake in BlackRock Capital Allocation Term Trust in the 4th quarter valued at $56,000. 36.12% of the stock is currently owned by institutional investors and hedge funds.
BlackRock Capital Allocation Term Trust Company Profile
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