Sanctuary Advisors LLC reduced its stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 27.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 139,902 shares of the company's stock after selling 52,128 shares during the period. Sanctuary Advisors LLC owned about 0.13% of BlackRock Capital Allocation Term Trust worth $2,254,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the 3rd quarter worth about $156,000. Walleye Capital LLC bought a new position in BlackRock Capital Allocation Term Trust during the third quarter worth about $234,000. Truist Financial Corp purchased a new position in shares of BlackRock Capital Allocation Term Trust in the second quarter worth about $319,000. Prospera Financial Services Inc raised its position in shares of BlackRock Capital Allocation Term Trust by 5.0% in the third quarter. Prospera Financial Services Inc now owns 23,693 shares of the company's stock valued at $390,000 after purchasing an additional 1,137 shares during the period. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the 3rd 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 Stock Down 1.3 %
BCAT traded down $0.20 on Thursday, hitting $15.17. The company's stock had a trading volume of 496,528 shares, compared to its average volume of 360,501. The company's 50 day simple moving average is $16.16 and its 200-day simple moving average is $16.30. BlackRock Capital Allocation Term Trust has a 12 month low of $14.76 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, December 23rd. Stockholders of record on Monday, December 16th will be issued a $0.2892 dividend. This is a positive change from BlackRock Capital Allocation Term Trust's previous monthly dividend of $0.10. This represents a $3.47 dividend on an annualized basis and a dividend yield of 22.88%. The ex-dividend date is Monday, December 16th.
Insider Activity
In other news, major shareholder Saba Capital Management, L.P. sold 33,209 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $16.44, for a total value of $545,955.96. Following the sale, the insider now directly owns 16,185,465 shares of the company's stock, valued at approximately $266,089,044.60. This represents a 0.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 693,060 shares of company stock worth $11,418,519.
About BlackRock Capital Allocation Term Trust
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