Penserra Capital Management LLC Acquires 100,038 Shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Penserra Capital Management LLC lifted its position in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,136,511 shares of the company's stock after buying an additional 100,038 shares during the quarter. Penserra Capital Management LLC owned about 1.06% of BlackRock Capital Allocation Term Trust worth $16,365,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Noble Wealth Management PBC bought a new position in BlackRock Capital Allocation Term Trust during the first quarter worth $32,000. CIBC Private Wealth Group LLC bought a new position in BlackRock Capital Allocation Term Trust during the fourth quarter worth $36,000. NBC Securities Inc. boosted its stake in BlackRock Capital Allocation Term Trust by 151,600.0% during the first quarter. NBC Securities Inc. now owns 3,034 shares of the company's stock worth $43,000 after acquiring an additional 3,032 shares in the last quarter. Private Trust Co. NA bought a new position in BlackRock Capital Allocation Term Trust during the first quarter worth $50,000. Finally, Comerica Bank boosted its stake in BlackRock Capital Allocation Term Trust by 27.1% during the fourth quarter. Comerica Bank now owns 10,126 shares of the company's stock worth $153,000 after acquiring an additional 2,157 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 Up 0.2%

NYSE BCAT traded up $0.03 on Wednesday, hitting $15.23. 590,104 shares of the company were exchanged, compared to its average volume of 459,468. BlackRock Capital Allocation Term Trust has a 12 month low of $12.91 and a 12 month high of $17.06. The stock has a fifty day moving average of $14.93 and a 200-day moving average of $14.95.

BlackRock Capital Allocation Term Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be paid a $0.2755 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 21.71%. The ex-dividend date of this dividend is Tuesday, July 15th.

BlackRock Capital Allocation Term Trust Profile

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