BlackRock Capital Allocation Term Trust (NYSE:BCAT) Sets New 52-Week Low – Here’s Why

BlackRock Capital Allocation Term Trust (NYSE:BCAT) hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $13.43 and last traded at $13.6860, with a volume of 179 shares changing hands. The stock had previously closed at $13.72.

BlackRock Capital Allocation Term Trust Stock Performance

The stock’s fifty day moving average is $14.97 and its 200-day moving average is $15.26.

BlackRock Capital Allocation Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a $0.2501 dividend. The ex-dividend date is Friday, December 11th. This represents a $3.00 annualized dividend and a yield of 22.2%.

Institutional Trading of BlackRock Capital Allocation Term Trust

A number of large investors have recently made changes to their positions in the company. Bank of America Corp DE bought a new position in BlackRock Capital Allocation Term Trust during the second quarter worth about $24,720,000. Keebeck Wealth Management acquired a new position in BlackRock Capital Allocation Term Trust in the second quarter valued at about $5,607,000. Royal Bank of Canada increased its holdings in shares of BlackRock Capital Allocation Term Trust by 50.2% in the first quarter. Royal Bank of Canada now owns 570,035 shares of the company’s stock worth $8,055,000 after acquiring an additional 190,604 shares in the last quarter. Perennial Investment Advisors LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust in the second quarter worth about $1,826,000. Finally, Formidable Asset Management LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust in the first quarter worth about $933,000. Institutional investors own 36.12% of the company’s stock.

About BlackRock Capital Allocation Term Trust

BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a diversified, closed-end management investment company advised by BlackRock Advisors, LLC. The fund seeks to provide total return through a flexible allocation between equity and fixed-income investments.

BCAT invests in securities issued by companies and governments in the United States and other countries. Its portfolio may include common and preferred stocks, corporate and government bonds, bank loans, mortgage- and asset-backed securities, convertible securities, and other income-producing or structured investments.