Commonwealth Equity Services LLC cut its stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 179,733 shares of the company's stock after selling 23,355 shares during the period. Commonwealth Equity Services LLC owned approximately 0.17% of BlackRock Capital Allocation Term Trust worth $2,723,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in BCAT. Janney Montgomery Scott LLC boosted its holdings 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 acquiring an additional 2,000 shares in the last quarter. Anfield Capital Management LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the 4th quarter valued at approximately $56,000. MassMutual Private Wealth & Trust FSB acquired a new position in BlackRock Capital Allocation Term Trust during the 4th quarter worth approximately $112,000. Cutter & CO Brokerage Inc. purchased a new position in shares of BlackRock Capital Allocation Term Trust during the 4th quarter worth approximately $158,000. Finally, Private Advisor Group LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the 4th quarter valued at approximately $158,000. 36.12% of the stock is owned by institutional investors and hedge funds.
BlackRock Capital Allocation Term Trust Stock Down 0.9 %
Shares of BlackRock Capital Allocation Term Trust stock traded down $0.13 during trading on Friday, reaching $14.34. The company's stock had a trading volume of 578,705 shares, compared to its average volume of 407,041. The business has a 50 day moving average price of $15.26 and a 200-day moving average price of $15.76. BlackRock Capital Allocation Term Trust has a 12-month low of $14.30 and a 12-month high of $17.18.
BlackRock Capital Allocation Term Trust Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.2872 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from BlackRock Capital Allocation Term Trust's previous monthly dividend of $0.10. This represents a $3.45 dividend on an annualized basis and a dividend yield of 24.04%.
BlackRock Capital Allocation Term Trust Company Profile
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