Joseph P. Lucia & Associates LLC Acquires 8,972 Shares of BlackRock Capital Allocation Term Trust $BCAT

Joseph P. Lucia & Associates LLC raised its position in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 37.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 33,066 shares of the company’s stock after purchasing an additional 8,972 shares during the quarter. Joseph P. Lucia & Associates LLC’s holdings in BlackRock Capital Allocation Term Trust were worth $501,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc grew its holdings in BlackRock Capital Allocation Term Trust by 83.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,947 shares of the company’s stock valued at $29,000 after buying an additional 885 shares in the last quarter. Red Tortoise LLC purchased a new position in BlackRock Capital Allocation Term Trust during the 2nd quarter valued at approximately $33,000. Private Trust Co. NA purchased a new position in BlackRock Capital Allocation Term Trust during the 1st quarter valued at approximately $50,000. Assetmark Inc. grew its holdings in BlackRock Capital Allocation Term Trust by 1,748.3% during the 1st quarter. Assetmark Inc. now owns 5,286 shares of the company’s stock valued at $76,000 after buying an additional 5,000 shares in the last quarter. Finally, Comerica Bank grew its holdings in BlackRock Capital Allocation Term Trust by 6.7% during the 1st quarter. Comerica Bank now owns 10,805 shares of the company’s stock valued at $156,000 after buying an additional 679 shares in the last quarter. Hedge funds and other institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Stock Performance

NYSE BCAT opened at $14.44 on Friday. The business has a 50 day simple moving average of $14.88 and a two-hundred day simple moving average of $14.77. BlackRock Capital Allocation Term Trust has a 1-year low of $12.91 and a 1-year high of $16.54.

BlackRock Capital Allocation Term Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.2675 per share. This represents a c) annualized dividend and a yield of 22.2%. The ex-dividend date is Wednesday, October 15th.

BlackRock Capital Allocation Term Trust Company Profile

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