Ieq Capital LLC Takes Position in BlackRock Capital Allocation Term Trust $BCAT

Key Points

• Ieq Capital LLC acquired a new stake in BlackRock Capital Allocation Term Trust (NYSE:BCAT), purchasing 45,308 shares valued at approximately $652,000 in the first quarter.
• Multiple institutional investors increased their positions in the trust, with LPL Financial LLC boosting its holding by 58.5%, now owning shares worth $2,731,000.
• The company declared a monthly dividend of $0.2699 per share, giving it an annualized yield of 21.5%, with the payment set for September 30th.

Ieq Capital LLC bought a new position in BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 45,308 shares of the company's stock, valued at approximately $652,000.

Other large investors also recently made changes to their positions in the company. Comerica Bank boosted its stake in shares of BlackRock Capital Allocation Term Trust by 6.7% in the first quarter. Comerica Bank now owns 10,805 shares of the company's stock valued at $156,000 after buying an additional 679 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of BlackRock Capital Allocation Term Trust by 1.9% in the 4th quarter. Ameriprise Financial Inc. now owns 44,528 shares of the company's stock worth $675,000 after purchasing an additional 844 shares during the period. Amplius Wealth Advisors LLC grew its position in shares of BlackRock Capital Allocation Term Trust by 5.4% during the 1st quarter. Amplius Wealth Advisors LLC now owns 29,005 shares of the company's stock valued at $418,000 after purchasing an additional 1,492 shares in the last quarter. Cerity Partners LLC lifted its stake in BlackRock Capital Allocation Term Trust by 4.6% in the first quarter. Cerity Partners LLC now owns 41,832 shares of the company's stock worth $602,000 after purchasing an additional 1,832 shares during the last quarter. Finally, Noble Wealth Management PBC purchased a new stake in BlackRock Capital Allocation Term Trust in the first quarter worth about $32,000. Institutional investors and hedge funds own 36.12% of the company's stock.

BlackRock Capital Allocation Term Trust Stock Up 0.6%

Shares of NYSE BCAT traded up $0.10 during mid-day trading on Monday, hitting $15.15. 311,384 shares of the company's stock traded hands, compared to its average volume of 530,135. The company's 50-day moving average is $14.98 and its two-hundred day moving average is $14.78. 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 firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.2699 per share. This represents a c) annualized dividend and a dividend yield of 21.4%. The ex-dividend date is Monday, September 15th.

BlackRock Capital Allocation Term Trust Company Profile

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