Stifel Financial Corp Decreases Stake in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Stifel Financial Corp lowered its position in BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 14.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 504,414 shares of the company's stock after selling 87,140 shares during the quarter. Stifel Financial Corp owned about 0.47% of BlackRock Capital Allocation Term Trust worth $8,298,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in BlackRock Capital Allocation Term Trust during the third quarter worth $156,000. Walleye Capital LLC purchased a new position in shares of BlackRock Capital Allocation Term Trust during the 3rd quarter worth $234,000. Truist Financial Corp acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the 2nd quarter worth about $319,000. Prospera Financial Services Inc raised its holdings in BlackRock Capital Allocation Term Trust by 5.0% in the 3rd quarter. Prospera Financial Services Inc now owns 23,693 shares of the company's stock valued at $390,000 after buying an additional 1,137 shares during the period. Finally, Thrivent Financial for Lutherans acquired a new position in BlackRock Capital Allocation Term Trust in the third quarter valued at about $398,000. Hedge funds and other institutional investors own 36.12% of the company's stock.

Insider Buying and Selling at BlackRock Capital Allocation Term Trust

In other news, major shareholder Saba Capital Management, L.P. sold 15,894 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $16.41, for a total value of $260,820.54. Following the completion of the transaction, the insider now owns 16,317,706 shares of the company's stock, valued at approximately $267,773,555.46. This trade represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 723,927 shares of company stock valued at $11,925,047 over the last quarter.

BlackRock Capital Allocation Term Trust Trading Up 0.1 %

BCAT stock traded up $0.01 during mid-day trading on Friday, hitting $16.32. 528,776 shares of the company were exchanged, compared to its average volume of 356,651. The business has a fifty day simple moving average of $16.20 and a 200-day simple moving average of $16.32. 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 business also recently announced a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be issued a $0.2892 dividend. This represents a $3.47 annualized dividend and a yield of 21.26%. The ex-dividend date of this dividend is Monday, December 16th. This is an increase from BlackRock Capital Allocation Term Trust's previous monthly dividend of $0.10.

BlackRock Capital Allocation Term Trust Profile

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