Raymond James Financial Inc. bought a new stake in BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 208,631 shares of the company's stock, valued at approximately $3,161,000. Raymond James Financial Inc. owned 0.19% of BlackRock Capital Allocation Term Trust at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in BCAT. CIBC Private Wealth Group LLC bought a new position in BlackRock Capital Allocation Term Trust during the fourth quarter worth about $36,000. Anfield Capital Management LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the 4th quarter valued at approximately $56,000. MassMutual Private Wealth & Trust FSB bought a new position in BlackRock Capital Allocation Term Trust in the 4th quarter worth approximately $112,000. Private Advisor Group LLC purchased a new position in BlackRock Capital Allocation Term Trust in the 4th quarter valued at approximately $158,000. Finally, Cutter & CO Brokerage Inc. bought a new stake in BlackRock Capital Allocation Term Trust during the 4th quarter valued at $158,000. Hedge funds and other institutional investors own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Trading Up 0.4 %
Shares of NYSE:BCAT traded up $0.06 during trading on Friday, hitting $14.79. 181,861 shares of the company were exchanged, compared to its average volume of 435,121. BlackRock Capital Allocation Term Trust has a 52-week low of $12.91 and a 52-week high of $17.18. The stock has a 50 day moving average of $14.45 and a 200 day moving average of $15.34.
BlackRock Capital Allocation Term Trust Cuts Dividend
The business also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.2848 per share. This represents a $3.42 dividend on an annualized basis and a yield of 23.10%. The ex-dividend date was Tuesday, April 15th.
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