Pathstone Holdings LLC trimmed its stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 59.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 823,596 shares of the company's stock after selling 1,185,492 shares during the quarter. Pathstone Holdings LLC owned about 0.77% of BlackRock Capital Allocation Term Trust worth $13,548,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in BCAT. Sanctuary Advisors LLC bought a new position in shares of BlackRock Capital Allocation Term Trust in the second quarter valued at $2,967,000. Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust in the second quarter valued at $1,452,000. Almitas Capital LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the second quarter worth $728,000. Quarry LP increased its holdings in shares of BlackRock Capital Allocation Term Trust by 68.4% in the 2nd quarter. Quarry LP now owns 69,034 shares of the company's stock valued at $1,133,000 after purchasing an additional 28,045 shares during the period. Finally, Kovack Advisors Inc. purchased a new stake in BlackRock Capital Allocation Term Trust in the 3rd quarter worth approximately $421,000. 36.12% of the stock is currently owned by institutional investors.
Insider Activity at BlackRock Capital Allocation Term Trust
In other BlackRock Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. sold 166,128 shares of the business's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $16.60, for a total value of $2,757,724.80. Following the sale, the insider now owns 15,096,159 shares of the company's stock, valued at $250,596,239.40. The trade was a 1.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 723,927 shares of company stock worth $11,925,047.
BlackRock Capital Allocation Term Trust Price Performance
BCAT traded up $0.13 during midday trading on Thursday, hitting $16.05. 151,527 shares of the company's stock traded hands, compared to its average volume of 355,036. BlackRock Capital Allocation Term Trust has a one year low of $14.60 and a one year high of $17.18. The stock's fifty day simple moving average is $16.26 and its 200-day simple moving average is $16.32.
BlackRock Capital Allocation Term Trust Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.2885 per share. This is an increase from BlackRock Capital Allocation Term Trust's previous monthly dividend of $0.10. This represents a $3.46 annualized dividend and a dividend yield of 21.57%. The ex-dividend date is Friday, November 15th.
BlackRock Capital Allocation Term Trust Profile
(
Free Report)
-
Read More
Before you consider BlackRock Capital Allocation Term Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock Capital Allocation Term Trust wasn't on the list.
While BlackRock Capital Allocation Term Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
