BlackRock Capital Allocation Term Trust (NYSE:BCAT - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The company traded as low as $14.96 and last traded at $15.02, with a volume of 620659 shares traded. The stock had previously closed at $15.19.
BlackRock Capital Allocation Term Trust Stock Up 1.1 %
The business has a fifty day moving average of $15.46 and a 200 day moving average of $15.91.
BlackRock Capital Allocation Term Trust Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued 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 23.11%. This is an increase from BlackRock Capital Allocation Term Trust's previous monthly dividend of $0.10.
Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust
Hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC acquired a new position in BlackRock Capital Allocation Term Trust in the third quarter worth approximately $15,901,000. Wolverine Asset Management LLC acquired a new position in BlackRock Capital Allocation Term Trust during the fourth quarter valued at approximately $1,249,000. Walleye Capital LLC acquired a new position in BlackRock Capital Allocation Term Trust during the third quarter valued at approximately $234,000. Private Advisor Group LLC acquired a new position in BlackRock Capital Allocation Term Trust during the fourth quarter valued at approximately $158,000. Finally, Winebrenner Capital Management LLC acquired a new position in BlackRock Capital Allocation Term Trust during the fourth quarter valued at approximately $682,000. Institutional investors and hedge funds own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Company Profile
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