Shaker Financial Services LLC purchased 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 and Exchange Commission (SEC). The firm purchased 25,517 shares of the company's stock, valued at approximately $387,000.
Several other institutional investors have also modified their holdings of BCAT. Raymond James Financial Inc. bought a new stake in BlackRock Capital Allocation Term Trust in the 4th quarter valued at approximately $3,161,000. Wolverine Asset Management LLC bought a new position in shares of BlackRock Capital Allocation Term Trust during the 4th quarter worth approximately $1,249,000. LPL Financial LLC raised its holdings in shares of BlackRock Capital Allocation Term Trust by 30.0% in the fourth quarter. LPL Financial LLC now owns 119,635 shares of the company's stock valued at $1,812,000 after purchasing an additional 27,602 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust in the fourth quarter worth $158,000. Finally, Cohen & Steers Inc. boosted its holdings in BlackRock Capital Allocation Term Trust by 30.0% during the fourth quarter. Cohen & Steers Inc. now owns 943,751 shares of the company's stock worth $14,298,000 after purchasing an additional 218,000 shares during the last quarter. Institutional investors own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Stock Up 1.0 %
BCAT stock traded up $0.14 during midday trading on Friday, hitting $14.30. The company's stock had a trading volume of 328,572 shares, compared to its average volume of 429,895. The company's fifty day moving average price is $14.55 and its 200 day moving average price is $15.41. BlackRock Capital Allocation Term Trust has a twelve month low of $12.91 and a twelve month high of $17.18.
BlackRock Capital Allocation Term Trust Cuts Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given 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 23.90%.
About BlackRock Capital Allocation Term Trust
(
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
