Bank of America Corp DE grew its position in BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,183,518 shares of the company's stock after purchasing an additional 98,210 shares during the period. Bank of America Corp DE owned approximately 1.10% of BlackRock Capital Allocation Term Trust worth $17,930,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. CIBC Private Wealth Group LLC purchased a new stake in BlackRock Capital Allocation Term Trust during the 4th quarter worth approximately $36,000. Anfield Capital Management LLC acquired a new position in BlackRock Capital Allocation Term Trust during the 4th quarter valued at approximately $56,000. MassMutual Private Wealth & Trust FSB acquired a new position in BlackRock Capital Allocation Term Trust during the 4th quarter valued at approximately $112,000. Comerica Bank boosted its position 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 acquiring an additional 2,157 shares during the period. Finally, Cutter & CO Brokerage Inc. acquired a new position in BlackRock Capital Allocation Term Trust during the 4th quarter worth $158,000. 36.12% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock Capital Allocation Term Trust Trading Up 0.1%
BCAT stock traded up $0.02 during trading on Monday, reaching $14.60. 294,733 shares of the company's stock were exchanged, compared to its average volume of 445,869. BlackRock Capital Allocation Term Trust has a 1-year low of $12.91 and a 1-year high of $17.17. The company's fifty day moving average price is $14.36 and its 200-day moving average price is $15.18.
BlackRock Capital Allocation Term Trust Cuts Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a $0.2813 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 23.12%. The ex-dividend date of this dividend is Thursday, May 15th.
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