Raymond James Financial Inc. acquired a new position in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 208,631 shares of the company's stock, valued at approximately $3,161,000. Raymond James Financial Inc. owned approximately 0.19% of BlackRock Capital Allocation Term Trust at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the 4th quarter worth about $1,249,000. Winebrenner Capital Management LLC acquired a new position in BlackRock Capital Allocation Term Trust in the fourth quarter worth approximately $682,000. Kingswood Wealth Advisors LLC bought a new position in BlackRock Capital Allocation Term Trust during the fourth quarter valued at approximately $594,000. Virtu Financial LLC acquired a new stake in BlackRock Capital Allocation Term Trust in the third quarter valued at approximately $427,000. Finally, Thrivent Financial for Lutherans bought a new stake in BlackRock Capital Allocation Term Trust in the third quarter worth approximately $398,000. Institutional investors and hedge funds own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Stock Up 0.2 %
Shares of BlackRock Capital Allocation Term Trust stock traded up $0.04 during midday trading on Monday, reaching $14.39. 781,283 shares of the company's stock traded hands, compared to its average volume of 408,532. BlackRock Capital Allocation Term Trust has a 52 week low of $14.14 and a 52 week high of $17.18. The company's 50 day simple moving average is $15.23 and its 200 day simple moving average is $15.74.
BlackRock Capital Allocation Term Trust Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.2872 per share. This is a positive change from BlackRock Capital Allocation Term Trust's previous monthly dividend of $0.10. This represents a $3.45 annualized dividend and a yield of 23.96%. The ex-dividend date of this dividend is Friday, March 14th.
About BlackRock Capital Allocation Term Trust
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