Rockefeller Capital Management L.P. Sells 106,827 Shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Rockefeller Capital Management L.P. trimmed its stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 19.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 453,369 shares of the company's stock after selling 106,827 shares during the quarter. Rockefeller Capital Management L.P. owned 0.42% of BlackRock Capital Allocation Term Trust worth $7,458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Penserra Capital Management LLC bought a new position in shares of BlackRock Capital Allocation Term Trust in the third quarter valued at approximately $15,901,000. Sanctuary Advisors LLC bought a new position in shares of BlackRock Capital Allocation Term Trust in the second quarter valued at approximately $2,967,000. Prevail Innovative Wealth Advisors LLC bought a new position in shares of BlackRock Capital Allocation Term Trust in the second quarter valued at approximately $1,452,000. Almitas Capital LLC bought a new position in shares of BlackRock Capital Allocation Term Trust in the second quarter valued at approximately $728,000. Finally, Quarry LP raised its position in BlackRock Capital Allocation Term Trust by 68.4% in the 2nd quarter. Quarry LP now owns 69,034 shares of the company's stock worth $1,133,000 after purchasing an additional 28,045 shares during the last quarter. 36.12% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BlackRock Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. sold 28,670 shares of BlackRock Capital Allocation Term Trust stock in a transaction on Monday, October 21st. The shares were sold at an average price of $16.27, for a total transaction of $466,460.90. Following the completion of the sale, the insider now owns 14,888,870 shares of the company's stock, valued at approximately $242,241,914.90. The trade was a 0.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 723,927 shares of company stock valued at $11,925,047.

BlackRock Capital Allocation Term Trust Stock Performance

BCAT stock traded up $0.10 during trading on Wednesday, hitting $16.27. The company had a trading volume of 353,233 shares, compared to its average volume of 355,408. The firm has a 50-day moving average price of $16.21 and a 200-day moving average price of $16.34. BlackRock Capital Allocation Term Trust has a 12 month low of $14.68 and a 12 month high of $17.18.

BlackRock Capital Allocation Term Trust Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.2885 per share. This represents a $3.46 dividend on an annualized basis and a yield of 21.28%. The ex-dividend date was Friday, November 15th. This is a positive change from BlackRock Capital Allocation Term Trust's previous monthly dividend of $0.10.

BlackRock Capital Allocation Term Trust Profile

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