Wells Fargo & Company MN decreased its position in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 509,035 shares of the company's stock after selling 34,506 shares during the period. Wells Fargo & Company MN owned about 0.47% of BlackRock Capital Allocation Term Trust worth $7,712,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the company. CIBC Private Wealth Group LLC bought a new position in shares of BlackRock Capital Allocation Term Trust in the fourth quarter worth about $36,000. Anfield Capital Management LLC acquired a new position in BlackRock Capital Allocation Term Trust during the 4th quarter worth $56,000. MassMutual Private Wealth & Trust FSB bought a new position in BlackRock Capital Allocation Term Trust in the 4th quarter valued at $112,000. Private Advisor Group LLC bought a new position in BlackRock Capital Allocation Term Trust in the 4th quarter valued at $158,000. Finally, Cutter & CO Brokerage Inc. acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the 4th quarter valued at $158,000. Institutional investors own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Trading Up 2.1 %
Shares of BCAT traded up $0.29 during trading hours on Wednesday, hitting $14.07. 174,189 shares of the stock traded hands, compared to its average volume of 498,272. The business has a fifty day moving average of $14.61 and a 200-day moving average of $15.44. BlackRock Capital Allocation Term Trust has a 1-year low of $12.91 and a 1-year high of $17.18.
BlackRock Capital Allocation Term Trust Cuts Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.2848 dividend. This represents a $3.42 annualized dividend and a dividend yield of 24.29%. The ex-dividend date is Tuesday, April 15th.
BlackRock Capital Allocation Term Trust Profile
(
Free Report)
-
Read More
Before you consider BlackRock Capital Allocation Term Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock Capital Allocation Term Trust wasn't on the list.
While BlackRock Capital Allocation Term Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
