Calton & Associates Inc. lowered its stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 65.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,794 shares of the company's stock after selling 16,916 shares during the quarter. Calton & Associates Inc.'s holdings in BlackRock Capital Allocation Term Trust were worth $127,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in BCAT. Raymond James Financial Inc. acquired a new position in BlackRock Capital Allocation Term Trust during the fourth quarter valued at approximately $3,161,000. Thrivent Financial for Lutherans increased its position in shares of BlackRock Capital Allocation Term Trust by 48.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 35,995 shares of the company's stock valued at $545,000 after buying an additional 11,818 shares in the last quarter. LPL Financial LLC increased its position in shares of BlackRock Capital Allocation Term Trust by 30.0% in the 4th quarter. LPL Financial LLC now owns 119,635 shares of the company's stock valued at $1,812,000 after buying an additional 27,602 shares in the last quarter. CIBC Private Wealth Group LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust in the 4th quarter valued at $36,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of BlackRock Capital Allocation Term Trust in the 4th quarter valued at $418,000. Institutional investors own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Trading Down 0.0%
Shares of BCAT stock traded down $0.01 on Thursday, hitting $14.99. The company's stock had a trading volume of 271,453 shares, compared to its average volume of 524,810. BlackRock Capital Allocation Term Trust has a fifty-two week low of $12.91 and a fifty-two week high of $16.80. The stock's 50 day moving average is $14.96 and its 200-day moving average is $14.93.
BlackRock Capital Allocation Term Trust Cuts Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.2755 per share. This represents a $3.31 annualized dividend and a dividend yield of 22.06%. The ex-dividend date is Tuesday, July 15th.
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