Baird Financial Group Inc. lifted its position in BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 78.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 81,079 shares of the company's stock after buying an additional 35,582 shares during the period. Baird Financial Group Inc. owned approximately 0.08% of BlackRock Capital Allocation Term Trust worth $1,168,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of BCAT. Noble Wealth Management PBC bought a new stake in shares of BlackRock Capital Allocation Term Trust during the 1st quarter worth about $32,000. NBC Securities Inc. raised its holdings in shares of BlackRock Capital Allocation Term Trust by 151,600.0% in the 1st quarter. NBC Securities Inc. now owns 3,034 shares of the company's stock worth $43,000 after buying an additional 3,032 shares in the last quarter. Private Trust Co. NA bought a new stake in BlackRock Capital Allocation Term Trust during the 1st quarter worth approximately $50,000. Assetmark Inc. boosted its position in BlackRock Capital Allocation Term Trust by 1,748.3% in the 1st quarter. Assetmark Inc. now owns 5,286 shares of the company's stock valued at $76,000 after buying an additional 5,000 shares during the last quarter. Finally, Comerica Bank raised its stake in BlackRock Capital Allocation Term Trust by 27.1% during the 4th quarter. Comerica Bank now owns 10,126 shares of the company's stock worth $153,000 after buying an additional 2,157 shares during the period. Hedge funds and other institutional investors own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Stock Performance
Shares of BCAT traded up $0.09 during midday trading on Friday, hitting $15.28. The stock had a trading volume of 588,032 shares, compared to its average volume of 531,963. The company has a 50 day simple moving average of $14.99 and a two-hundred day simple moving average of $14.78. BlackRock Capital Allocation Term Trust has a twelve month low of $12.91 and a twelve month high of $16.80.
BlackRock Capital Allocation Term Trust Cuts Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.2699 per share. This represents a c) annualized dividend and a yield of 21.2%. The ex-dividend date is Monday, September 15th.
BlackRock Capital Allocation Term Trust Profile
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