Rivernorth Capital Management LLC decreased its position in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 25.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,500,484 shares of the company's stock after selling 1,205,942 shares during the quarter. BlackRock Capital Allocation Term Trust makes up 2.8% of Rivernorth Capital Management LLC's investment portfolio, making the stock its 7th largest position. Rivernorth Capital Management LLC owned approximately 3.26% of BlackRock Capital Allocation Term Trust worth $57,583,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust during the third quarter valued at about $156,000. Walleye Capital LLC purchased a new position in shares of BlackRock Capital Allocation Term Trust during the third quarter worth approximately $234,000. Truist Financial Corp bought a new stake in BlackRock Capital Allocation Term Trust in the second quarter worth $319,000. Prospera Financial Services Inc lifted its stake in shares of BlackRock Capital Allocation Term Trust by 5.0% in the 3rd quarter. Prospera Financial Services Inc now owns 23,693 shares of the company's stock valued at $390,000 after acquiring an additional 1,137 shares during the last quarter. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the third quarter valued at approximately $398,000. Hedge funds and other institutional investors own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Trading Up 0.1 %
BCAT traded up $0.01 during trading on Friday, hitting $16.32. 528,776 shares of the stock traded hands, compared to its average volume of 356,651. The firm has a 50-day moving average of $16.20 and a 200 day moving average of $16.33. BlackRock Capital Allocation Term Trust has a 12-month low of $14.68 and a 12-month high of $17.18.
BlackRock Capital Allocation Term Trust Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 16th will be issued a $0.2892 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $3.47 annualized dividend and a yield of 21.26%. This is a boost from BlackRock Capital Allocation Term Trust's previous monthly dividend of $0.10.
Insider Activity at BlackRock Capital Allocation Term Trust
In related news, major shareholder Saba Capital Management, L.P. sold 14,973 shares of BlackRock Capital Allocation Term Trust stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $16.41, for a total transaction of $245,706.93. Following the sale, the insider now directly owns 16,302,733 shares in the company, valued at $267,527,848.53. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 723,927 shares of company stock worth $11,925,047 over the last quarter.
BlackRock Capital Allocation Term Trust Profile
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