BlackRock Capital Allocation Term Trust (NYSE:BCAT - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $14.48 and last traded at $14.46, with a volume of 775468 shares changing hands. The stock had previously closed at $14.40.
BlackRock Capital Allocation Term Trust Trading Up 0.0 %
The business has a fifty day moving average price of $14.43 and a 200 day moving average price of $15.31.
BlackRock Capital Allocation Term Trust Cuts Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a $0.2813 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 22.91%.
Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust
A number of institutional investors have recently added to or reduced their stakes in the stock. Noble Wealth Management PBC acquired a new position in shares of BlackRock Capital Allocation Term Trust during the first quarter worth $32,000. CIBC Private Wealth Group LLC bought a new position in BlackRock Capital Allocation Term Trust in the fourth quarter valued at about $36,000. NBC Securities Inc. boosted its stake in shares of BlackRock Capital Allocation Term Trust by 151,600.0% during the first quarter. NBC Securities Inc. now owns 3,034 shares of the company's stock valued at $43,000 after purchasing an additional 3,032 shares in the last quarter. Private Trust Co. NA bought a new stake in shares of BlackRock Capital Allocation Term Trust during the first quarter worth about $50,000. Finally, Anfield Capital Management LLC bought a new position in BlackRock Capital Allocation Term Trust in the 4th quarter valued at approximately $56,000. 36.12% of the stock is currently owned by institutional investors and hedge funds.
About BlackRock Capital Allocation Term Trust
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