Cwm LLC Buys 69,700 Shares of BlackRock Capital Allocation Term Trust $BCAT

Key Points

• Cwm LLC increased its ownership in BlackRock Capital Allocation Term Trust by 8,947.4%, acquiring 69,700 shares during the second quarter, bringing its total holdings to 70,479 shares worth approximately $1,067,000.
• Despite various institutional investments, BlackRock Capital Allocation Term Trust recently announced a monthly dividend of $0.2675 per share, representing an annual yield of 22.1%, set to be paid on October 31st.
• The stock's current trading price is $14.55, with a 52-week range between $12.91 and $16.54, indicating recent fluctuations in market performance.

Cwm LLC boosted its stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 8,947.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,479 shares of the company's stock after purchasing an additional 69,700 shares during the quarter. Cwm LLC owned about 0.07% of BlackRock Capital Allocation Term Trust worth $1,067,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Red Tortoise LLC bought a new position in BlackRock Capital Allocation Term Trust during the second quarter worth $33,000. AdvisorNet Financial Inc boosted its position in BlackRock Capital Allocation Term Trust by 83.3% during the second quarter. AdvisorNet Financial Inc now owns 1,947 shares of the company's stock worth $29,000 after purchasing an additional 885 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the second quarter worth $166,000. Integrated Wealth Concepts LLC boosted its position in shares of BlackRock Capital Allocation Term Trust by 35.7% in the first quarter. Integrated Wealth Concepts LLC now owns 34,000 shares of the company's stock valued at $490,000 after acquiring an additional 8,950 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of BlackRock Capital Allocation Term Trust by 23.9% in the first quarter. Advisors Asset Management Inc. now owns 238,252 shares of the company's stock valued at $3,431,000 after acquiring an additional 45,925 shares during the period. 36.12% of the stock is owned by institutional investors.

BlackRock Capital Allocation Term Trust Price Performance

Shares of BlackRock Capital Allocation Term Trust stock opened at $14.55 on Wednesday. The firm has a 50-day moving average of $14.86 and a 200-day moving average of $14.77. BlackRock Capital Allocation Term Trust has a 52-week low of $12.91 and a 52-week high of $16.54.

BlackRock Capital Allocation Term Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be given a $0.2675 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 22.1%. The ex-dividend date of this dividend is Wednesday, October 15th.

About BlackRock Capital Allocation Term Trust

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