Cohen & Steers Inc. boosted its holdings in BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 30.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 943,751 shares of the company's stock after buying an additional 218,000 shares during the quarter. Cohen & Steers Inc. owned 0.88% of BlackRock Capital Allocation Term Trust worth $14,298,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its position in shares of BlackRock Capital Allocation Term Trust by 6.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 483,195 shares of the company's stock valued at $7,320,000 after purchasing an additional 29,826 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in BlackRock Capital Allocation Term Trust during the 4th quarter valued at approximately $3,161,000. Invesco Ltd. grew its position in shares of BlackRock Capital Allocation Term Trust by 3.5% during the fourth quarter. Invesco Ltd. now owns 1,311,945 shares of the company's stock valued at $19,876,000 after purchasing an additional 44,088 shares in the last quarter. Perennial Investment Advisors LLC purchased a new position in shares of BlackRock Capital Allocation Term Trust in the fourth quarter valued at $552,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of BlackRock Capital Allocation Term Trust in the 4th quarter worth about $418,000. 36.12% of the stock is owned by hedge funds and other institutional investors.
BlackRock Capital Allocation Term Trust Trading Up 0.5 %
BCAT stock traded up $0.07 during midday trading on Friday, reaching $13.78. 208,751 shares of the company traded hands, compared to its average volume of 427,016. The business has a 50 day moving average of $14.69 and a 200-day moving average of $15.48. BlackRock Capital Allocation Term Trust has a 52-week low of $12.91 and a 52-week high of $17.18.
BlackRock Capital Allocation Term Trust Cuts Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be issued a $0.2848 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $3.42 annualized dividend and a dividend yield of 24.81%.
BlackRock Capital Allocation Term Trust Company Profile
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