CF Capital LLC acquired a new stake in BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 495,100 shares of the company's stock, valued at approximately $7,501,000. BlackRock Capital Allocation Term Trust comprises approximately 8.1% of CF Capital LLC's investment portfolio, making the stock its 2nd largest position. CF Capital LLC owned approximately 0.46% of BlackRock Capital Allocation Term Trust at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of BCAT. Ameriprise Financial Inc. boosted its position in shares of BlackRock Capital Allocation Term Trust by 1.9% during the fourth quarter. Ameriprise Financial Inc. now owns 44,528 shares of the company's stock valued at $675,000 after buying an additional 844 shares during the period. Janney Montgomery Scott LLC boosted its holdings in BlackRock Capital Allocation Term Trust by 13.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 17,150 shares of the company's stock valued at $260,000 after acquiring an additional 2,000 shares during the period. Comerica Bank grew its position in BlackRock Capital Allocation Term Trust by 27.1% in the 4th quarter. Comerica Bank now owns 10,126 shares of the company's stock valued at $153,000 after acquiring an additional 2,157 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the fourth quarter worth $36,000. Finally, Anfield Capital Management LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the fourth quarter worth $56,000. Hedge funds and other institutional investors own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Stock Up 0.4 %
Shares of BCAT traded up $0.06 during trading hours on Friday, reaching $14.82. 284,730 shares of the company traded hands, compared to its average volume of 441,853. The stock's fifty day moving average price is $14.38 and its 200 day moving average price is $15.27. BlackRock Capital Allocation Term Trust has a 12-month low of $12.91 and a 12-month high of $17.18.
BlackRock Capital Allocation Term Trust Cuts Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a $0.2813 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.38 annualized dividend and a yield of 22.78%.
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