Kingswood Wealth Advisors LLC bought a new position in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 39,218 shares of the company's stock, valued at approximately $594,000.
Other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its position in BlackRock Capital Allocation Term Trust by 13.2% in 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 in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new position in shares of BlackRock Capital Allocation Term Trust during the fourth quarter worth about $112,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the 3rd quarter valued at $238,000. Virtu Financial LLC bought a new position in shares of BlackRock Capital Allocation Term Trust during the 3rd quarter valued at about $427,000. Finally, Walleye Capital LLC bought a new position in BlackRock Capital Allocation Term Trust during the third quarter valued at approximately $234,000. 36.12% of the stock is currently owned by institutional investors and hedge funds.
BlackRock Capital Allocation Term Trust Stock Performance
BlackRock Capital Allocation Term Trust stock traded up $0.07 during mid-day trading on Thursday, hitting $15.48. The company's stock had a trading volume of 251,457 shares, compared to its average volume of 388,195. BlackRock Capital Allocation Term Trust has a 12 month low of $15.00 and a 12 month high of $17.18. The business has a 50 day moving average price of $15.74 and a 200-day moving average price of $16.09.
BlackRock Capital Allocation Term Trust Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.2891 dividend. This is a boost from BlackRock Capital Allocation Term Trust's previous monthly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $3.47 annualized dividend and a dividend yield of 22.42%.
BlackRock Capital Allocation Term Trust Profile
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