BlackRock Capital Allocation Term Trust (NYSE:BCAT - Get Free Report) saw an uptick in trading volume on Monday . 405,128 shares were traded during mid-day trading, a decline of 0% from the previous session's volume of 407,142 shares.The stock last traded at $14.27 and had previously closed at $14.35.
BlackRock Capital Allocation Term Trust Price Performance
The stock has a 50 day moving average of $15.16 and a 200 day moving average of $15.71.
BlackRock Capital Allocation Term Trust Cuts Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 is Tuesday, April 15th.
Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust
Institutional investors and hedge funds have recently made changes to their positions in the business. CF Capital LLC purchased a new position in shares of BlackRock Capital Allocation Term Trust in the fourth quarter worth about $7,501,000. Cohen & Steers Inc. boosted its stake in shares of BlackRock Capital Allocation Term Trust by 30.0% during the fourth quarter. Cohen & Steers Inc. now owns 943,751 shares of the company's stock valued at $14,298,000 after purchasing an additional 218,000 shares during the period. Raymond James Financial Inc. purchased a new position in shares of BlackRock Capital Allocation Term Trust in the fourth quarter worth $3,161,000. Bank of America Corp DE raised its holdings in BlackRock Capital Allocation Term Trust by 9.0% during the 4th quarter. Bank of America Corp DE now owns 1,183,518 shares of the company's stock valued at $17,930,000 after buying an additional 98,210 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in BlackRock Capital Allocation Term Trust during the 4th quarter valued at $1,249,000. Institutional investors own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Company Profile
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