Advisors Asset Management Inc. Has $3.43 Million Stake in BlackRock Capital Allocation Term Trust $BCAT

Key Points

• Advisors Asset Management Inc. increased its stake in BlackRock Capital Allocation Term Trust by 23.9% in Q1, owning approximately $3.43 million worth of shares.
• Several institutional investors, including Bank of America and Royal Bank of Canada, also significantly increased their holdings in the trust during recent quarters.
• The trust has a dividend yield of 21.5%, with a recent monthly dividend declaration of $0.2699 per share, payable on September 30th.

Advisors Asset Management Inc. grew its position in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 23.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 238,252 shares of the company's stock after buying an additional 45,925 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.22% of BlackRock Capital Allocation Term Trust worth $3,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 9.0% during the 4th quarter. Bank of America Corp DE now owns 1,183,518 shares of the company's stock valued at $17,930,000 after buying an additional 98,210 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 9.7% during the 1st quarter. Penserra Capital Management LLC now owns 1,136,511 shares of the company's stock valued at $16,365,000 after buying an additional 100,038 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 401.7% during the 1st quarter. Royal Bank of Canada now owns 428,585 shares of the company's stock valued at $6,172,000 after buying an additional 343,154 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 35.4% during the 1st quarter. Raymond James Financial Inc. now owns 282,503 shares of the company's stock valued at $4,068,000 after buying an additional 73,872 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of BlackRock Capital Allocation Term Trust by 58.5% during the 1st quarter. LPL Financial LLC now owns 189,656 shares of the company's stock valued at $2,731,000 after acquiring an additional 70,021 shares during the last quarter. 36.12% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Price Performance

Shares of NYSE BCAT opened at $15.05 on Friday. The business's 50-day simple moving average is $14.98 and its 200-day simple moving average is $14.79. BlackRock Capital Allocation Term Trust has a 52 week low of $12.91 and a 52 week high of $16.80.

BlackRock Capital Allocation Term Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.2699 per share. This represents a c) annualized dividend and a yield of 21.5%. The ex-dividend date is Monday, September 15th.

BlackRock Capital Allocation Term Trust Profile

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