Shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT – Get Free Report) reached a new 52-week low during trading on Friday. The stock traded as low as $12.88 and last traded at $12.93, with a volume of 100,648 shares changing hands. The stock had previously closed at $13.20.
BlackRock Capital Allocation Term Trust Price Performance
The business’s fifty day simple moving average is $13.92 and its two-hundred day simple moving average is $14.97.
BlackRock Capital Allocation Term Trust Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a dividend of $0.2501 per share. The ex-dividend date is Friday, December 11th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 23.2%.
Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust
Several institutional investors and hedge funds have recently modified their holdings of BCAT. Advisors Asset Management Inc. acquired a new position in BlackRock Capital Allocation Term Trust in the 3rd quarter worth about $3,260,000. TD Capital Management LLC boosted its position in BlackRock Capital Allocation Term Trust by 5.2% during the third quarter. TD Capital Management LLC now owns 39,415 shares of the company’s stock worth $540,000 after purchasing an additional 1,948 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in BlackRock Capital Allocation Term Trust by 11.6% in the third quarter. Commonwealth Equity Services LLC now owns 90,264 shares of the company’s stock valued at $1,237,000 after purchasing an additional 9,385 shares during the period. Capital CS Group LLC acquired a new stake in BlackRock Capital Allocation Term Trust in the third quarter valued at approximately $148,000. Finally, Oppenheimer & Co. Inc. increased its position in shares of BlackRock Capital Allocation Term Trust by 81.8% in the third quarter. Oppenheimer & Co. Inc. now owns 35,554 shares of the company’s stock valued at $487,000 after buying an additional 16,000 shares in the last quarter. Hedge funds and other institutional investors own 36.12% of the company’s stock.
BlackRock Capital Allocation Term Trust Company Profile
BlackRock Capital Allocation Term Trust (BCAT) is a diversified, publicly traded closed-end investment fund managed by BlackRock Advisors. It seeks to provide total return through a combination of income and capital appreciation. The fund invests across global markets in equity and debt securities, and may also use derivatives and other investment strategies. Its portfolio can include securities with varying credit quality and risk profiles. BCAT began operations in 2020 and is structured as a term trust, with a planned termination date subject to the fund’s governing documents and any required shareholder action.
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