Landscape Capital Management L.L.C. purchased a new position in BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,610 shares of the company's stock, valued at approximately $418,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BCAT. CIBC Private Wealth Group LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust in the 4th quarter worth approximately $36,000. Anfield Capital Management LLC acquired a new position in BlackRock Capital Allocation Term Trust during the fourth quarter worth $56,000. MassMutual Private Wealth & Trust FSB acquired a new position in BlackRock Capital Allocation Term Trust during the fourth quarter worth $112,000. Cutter & CO Brokerage Inc. bought a new position in shares of BlackRock Capital Allocation Term Trust during the fourth quarter valued at $158,000. Finally, Private Advisor Group LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the 4th quarter valued at $158,000. Institutional investors own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Stock Up 2.1 %
Shares of BCAT traded up $0.29 during trading hours on Friday, hitting $14.08. The stock had a trading volume of 456,488 shares, compared to its average volume of 425,162. The company's fifty day moving average is $14.87 and its two-hundred day moving average is $15.56. BlackRock Capital Allocation Term Trust has a 52 week low of $12.91 and a 52 week high of $17.18.
BlackRock Capital Allocation Term Trust Cuts Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.2848 per share. The ex-dividend date is Tuesday, April 15th. This represents a $3.42 annualized dividend and a yield of 24.27%.
BlackRock Capital Allocation Term Trust Company Profile
(
Free Report)
-
Further Reading
Before you consider BlackRock Capital Allocation Term Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock Capital Allocation Term Trust wasn't on the list.
While BlackRock Capital Allocation Term Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
