Penserra Capital Management LLC lifted its position in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 9.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 approximately 1.06% of BlackRock Capital Allocation Term Trust worth $16,365,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Private Trust Co. NA purchased a new stake in BlackRock Capital Allocation Term Trust in the 1st quarter worth $50,000. Transcend Capital Advisors LLC lifted its stake in BlackRock Capital Allocation Term Trust by 24.1% in the 1st quarter. Transcend Capital Advisors LLC now owns 44,608 shares of the company's stock worth $642,000 after purchasing an additional 8,654 shares in the last quarter. Walkner Condon Financial Advisors LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the 1st quarter worth $233,000. Oppenheimer & Co. Inc. lifted its stake in BlackRock Capital Allocation Term Trust by 7.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 61,849 shares of the company's stock worth $891,000 after purchasing an additional 4,471 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in BlackRock Capital Allocation Term Trust by 6.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 164,392 shares of the company's stock worth $2,367,000 after purchasing an additional 10,594 shares in the last quarter. Hedge funds and other institutional investors own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Stock Up 0.2%
BCAT stock traded up $0.03 during mid-day trading on Tuesday, hitting $15.18. The company had a trading volume of 253,149 shares, compared to its average volume of 458,223. The company has a 50-day moving average price of $14.91 and a 200 day moving average price of $14.95. BlackRock Capital Allocation Term Trust has a 12-month low of $12.91 and a 12-month high of $17.06.
BlackRock Capital Allocation Term Trust Cuts Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a $0.2755 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 21.78%.
BlackRock Capital Allocation Term Trust Company Profile
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