Joseph P. Lucia & Associates LLC purchased a new position in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 16,845 shares of the company's stock, valued at approximately $255,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of BlackRock Capital Allocation Term Trust in the fourth quarter worth about $112,000. Ashton Thomas Securities LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust in the third quarter worth approximately $156,000. Walleye Capital LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the third quarter valued at $234,000. B. Riley Wealth Advisors Inc. bought a new position in BlackRock Capital Allocation Term Trust in the 3rd quarter worth about $238,000. Finally, Janney Montgomery Scott LLC increased its holdings in BlackRock Capital Allocation Term Trust by 13.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 17,150 shares of the company's stock worth $260,000 after purchasing an additional 2,000 shares during the period. Hedge funds and other institutional investors own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Stock Down 0.4 %
NYSE:BCAT traded down $0.06 during mid-day trading on Friday, reaching $15.45. The company's stock had a trading volume of 792,658 shares, compared to its average volume of 416,173. The stock has a fifty day moving average of $15.73 and a 200-day moving average of $16.09. BlackRock Capital Allocation Term Trust has a 1 year low of $15.00 and a 1 year high of $17.18.
BlackRock Capital Allocation Term Trust Increases Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.2891 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $3.47 dividend on an annualized basis and a yield of 22.46%. This is an increase from BlackRock Capital Allocation Term Trust's previous monthly dividend of $0.10.
BlackRock Capital Allocation Term Trust Profile
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