Advisors Asset Management Inc. Boosts 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. increased its holdings in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 23.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,252 shares of the company's stock after buying an additional 45,925 shares during the period. Advisors Asset Management Inc. owned about 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).

A number of other large investors also recently added to or reduced their stakes in BCAT. Bank of America Corp DE lifted its holdings in BlackRock Capital Allocation Term Trust by 9.0% during the fourth quarter. Bank of America Corp DE now owns 1,183,518 shares of the company's stock valued at $17,930,000 after purchasing an additional 98,210 shares in the last quarter. Penserra Capital Management LLC lifted its stake in BlackRock Capital Allocation Term Trust by 9.7% in 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 in the last quarter. Royal Bank of Canada boosted its holdings in BlackRock Capital Allocation Term Trust by 401.7% in the 1st quarter. Royal Bank of Canada now owns 428,585 shares of the company's stock worth $6,172,000 after buying an additional 343,154 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in BlackRock Capital Allocation Term Trust by 35.4% in the 1st quarter. Raymond James Financial Inc. now owns 282,503 shares of the company's stock worth $4,068,000 after buying an additional 73,872 shares during the last quarter. Finally, LPL Financial LLC increased its stake in 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 worth $2,731,000 after buying an additional 70,021 shares in the last quarter. 36.12% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Stock Performance

Shares of NYSE BCAT traded down $0.01 during midday trading on Thursday, hitting $15.20. The stock had a trading volume of 561,689 shares, compared to its average volume of 531,592. The stock has a 50 day simple moving average of $14.99 and a 200-day simple moving average of $14.78. BlackRock Capital Allocation Term Trust has a 1 year low of $12.91 and a 1 year high of $16.80.

BlackRock Capital Allocation Term Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.2699 per share. This represents a c) annualized dividend and a yield of 21.3%. The ex-dividend date of this dividend is Monday, September 15th.

About BlackRock Capital Allocation Term Trust

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