Elequin Capital LP Grows Position in BlackRock Capital Allocation Term Trust $BCAT

Key Points

• Elequin Capital LP increased its holdings in BlackRock Capital Allocation Term Trust by 221.7%, owning 34,464 shares worth approximately $496,000 after purchasing an additional 23,751 shares in the first quarter.
• BlackRock Capital Allocation Term Trust recently announced a monthly dividend of $0.2724 per share, yielding 21.9% on an annualized basis, with the ex-dividend date set for August 15th.
• The stock price of BlackRock Capital Allocation Term Trust is currently $14.89, having experienced a decline of 1.8%, with a one-year low of $12.91 and a high of $16.80.

Elequin Capital LP grew its position in BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 221.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,464 shares of the company's stock after acquiring an additional 23,751 shares during the quarter. Elequin Capital LP's holdings in BlackRock Capital Allocation Term Trust were worth $496,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. CF Capital LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the fourth quarter worth $7,501,000. Raymond James Financial Inc. acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the fourth quarter worth $3,161,000. Advisor Resource Council acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the first quarter worth $1,482,000. Penserra Capital Management LLC lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 9.7% during the first quarter. Penserra Capital Management LLC now owns 1,136,511 shares of the company's stock worth $16,365,000 after purchasing an additional 100,038 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 9.0% during the fourth quarter. Bank of America Corp DE now owns 1,183,518 shares of the company's stock worth $17,930,000 after purchasing an additional 98,210 shares during the period. 36.12% of the stock is owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Price Performance

Shares of NYSE BCAT traded up $0.2050 during mid-day trading on Friday, hitting $14.7650. 528,434 shares of the company were exchanged, compared to its average volume of 532,268. The stock has a 50 day simple moving average of $14.97 and a 200-day simple moving average of $14.84. BlackRock Capital Allocation Term Trust has a 1-year low of $12.91 and a 1-year high of $16.80.

BlackRock Capital Allocation Term Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a dividend of $0.2724 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) annualized dividend and a dividend yield of 22.1%.

BlackRock Capital Allocation Term Trust Company Profile

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