1,551,775 Shares in BlackRock Capital Allocation Term Trust $BCAT Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 1,551,775 BCAT shares in the second quarter, worth approximately $24.7 million and representing a 1.47% stake. Institutional investors collectively own 36.12% of the fund.
• BCAT shares opened at $13.96, near their 52-week low of $13.73 and below the 50-day and 200-day moving averages.
• The fund announced a monthly dividend of $0.2501 per share, implying a reported annualized yield of 21.5%.

Bank of America Corp DE bought a new stake in BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,551,775 shares of the company's stock, valued at approximately $24,720,000. Bank of America Corp DE owned 1.47% of BlackRock Capital Allocation Term Trust as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cohen & Steers Inc. boosted its holdings in BlackRock Capital Allocation Term Trust by 0.6% in the fourth quarter. Cohen & Steers Inc. now owns 1,632,657 shares of the company's stock valued at $23,118,000 after acquiring an additional 10,000 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of BlackRock Capital Allocation Term Trust by 50.2% during the 1st quarter. Royal Bank of Canada now owns 570,035 shares of the company's stock worth $8,055,000 after purchasing an additional 190,604 shares during the period. Keebeck Wealth Management purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the 2nd quarter worth about $5,607,000. Lido Advisors LLC grew its holdings in shares of BlackRock Capital Allocation Term Trust by 3.2% during the 1st quarter. Lido Advisors LLC now owns 186,316 shares of the company's stock worth $2,633,000 after purchasing an additional 5,726 shares during the period. Finally, PFG Investments LLC increased its position in BlackRock Capital Allocation Term Trust by 28.8% during the 1st quarter. PFG Investments LLC now owns 97,585 shares of the company's stock worth $1,379,000 after purchasing an additional 21,828 shares in the last quarter. Institutional investors and hedge funds own 36.12% of the company's stock.

BlackRock Capital Allocation Term Trust Trading Down 1.5%

BCAT opened at $13.96 on Thursday. BlackRock Capital Allocation Term Trust has a 52-week low of $13.73 and a 52-week high of $16.20. The company has a 50 day moving average of $15.54 and a two-hundred day moving average of $15.36.

BlackRock Capital Allocation Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be issued a dividend of $0.2501 per share. The ex-dividend date is Friday, December 11th. This represents a c) annualized dividend and a dividend yield of 21.5%.

BlackRock Capital Allocation Term Trust Company Profile

BlackRock Capital Allocation Term Trust NYSE: BCAT is a diversified, closed-end management investment company advised by BlackRock Advisors, LLC. The fund seeks to provide total return through a combination of current income and capital appreciation.

BCAT invests across both equity and debt markets. Its portfolio may include common stocks, preferred securities, convertible securities, investment-grade and below-investment-grade corporate bonds, loans, and other fixed-income instruments.

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