BlackRock Capital Allocation Term Trust (NYSE:BCAT - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $14.48 and last traded at $14.46, with a volume of 775468 shares traded. The stock had previously closed at $14.40.
BlackRock Capital Allocation Term Trust Stock Performance
The company's 50-day moving average price is $14.44 and its 200-day moving average price is $15.32.
BlackRock Capital Allocation Term Trust Cuts Dividend
The firm also recently declared a monthly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were given a $0.2848 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $3.42 annualized dividend and a yield of 23.07%.
Institutional Trading of BlackRock Capital Allocation Term Trust
A number of large investors have recently modified their holdings of BCAT. CF Capital LLC acquired a new position in BlackRock Capital Allocation Term Trust during the 4th quarter worth $7,501,000. Cohen & Steers Inc. boosted its stake in shares of BlackRock Capital Allocation Term Trust by 30.0% in the 4th quarter. Cohen & Steers Inc. now owns 943,751 shares of the company's stock valued at $14,298,000 after buying an additional 218,000 shares during the period. Raymond James Financial Inc. acquired a new position in shares of BlackRock Capital Allocation Term Trust during the fourth quarter worth about $3,161,000. Advisor Resource Council purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the first quarter worth approximately $1,482,000. Finally, Penserra Capital Management LLC raised its holdings in BlackRock Capital Allocation Term Trust by 9.7% in the first quarter. Penserra Capital Management LLC now owns 1,136,511 shares of the company's stock valued at $16,365,000 after acquiring an additional 100,038 shares in the last quarter. Hedge funds and other institutional investors own 36.12% of the company's stock.
About BlackRock Capital Allocation Term Trust
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