Pathstone Holdings LLC lessened its holdings in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 59.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 823,596 shares of the company's stock after selling 1,185,492 shares during the period. Pathstone Holdings LLC owned approximately 0.77% of BlackRock Capital Allocation Term Trust worth $13,548,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Prevail Innovative Wealth Advisors LLC purchased a new position in BlackRock Capital Allocation Term Trust in the 2nd quarter worth $1,452,000. Almitas Capital LLC purchased a new position in BlackRock Capital Allocation Term Trust in the 2nd quarter worth $728,000. Quarry LP raised its stake in BlackRock Capital Allocation Term Trust by 68.4% in the 2nd quarter. Quarry LP now owns 69,034 shares of the company's stock worth $1,133,000 after acquiring an additional 28,045 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in BlackRock Capital Allocation Term Trust by 4.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 133,238 shares of the company's stock worth $2,186,000 after acquiring an additional 5,438 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in BlackRock Capital Allocation Term Trust in the 2nd quarter worth $2,967,000. Hedge funds and other institutional investors own 36.12% of the company's stock.
Insider Buying and Selling
In other BlackRock Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. sold 40,158 shares of BlackRock Capital Allocation Term Trust stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $16.27, for a total transaction of $653,370.66. Following the completion of the transaction, the insider now owns 14,969,295 shares in the company, valued at approximately $243,550,429.65. This trade represents a 0.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 723,927 shares of company stock worth $11,925,047 in the last 90 days.
BlackRock Capital Allocation Term Trust Stock Performance
Shares of BCAT stock opened at $15.92 on Thursday. The business has a fifty day moving average of $16.26 and a 200 day moving average of $16.32. BlackRock Capital Allocation Term Trust has a 1 year low of $14.60 and a 1 year high of $17.18.
BlackRock Capital Allocation Term Trust Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.2885 dividend. This is a positive change from BlackRock Capital Allocation Term Trust's previous monthly dividend of $0.10. The ex-dividend date of this dividend is Friday, November 15th. This represents a $3.46 dividend on an annualized basis and a yield of 21.75%.
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