BlackRock Capital Allocation Term Trust $BCAT Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. reduced its ownership in BlackRock Capital Allocation Term Trust by 1.6%, selling 20,879 shares and retaining 1,291,066 shares valued at approximately $18.6 million.
• Several investors increased their stakes in BlackRock Capital Allocation Term Trust, with notable increases from Ameriprise Financial Inc. and Comerica Bank by 1.9% and 27.1%, respectively.
• The company announced a monthly dividend of $0.2724, with a yield of 22.4%, to be distributed to shareholders on August 29th.

Invesco Ltd. lowered its stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,291,066 shares of the company's stock after selling 20,879 shares during the period. Invesco Ltd. owned about 1.20% of BlackRock Capital Allocation Term Trust worth $18,591,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of BCAT. Noble Wealth Management PBC purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the first quarter worth about $32,000. NBC Securities Inc. increased its stake in shares of BlackRock Capital Allocation Term Trust by 151,600.0% during the first quarter. NBC Securities Inc. now owns 3,034 shares of the company's stock worth $43,000 after purchasing an additional 3,032 shares in the last quarter. Private Trust Co. NA purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the first quarter worth about $50,000. Assetmark Inc. increased its stake in shares of BlackRock Capital Allocation Term Trust by 1,748.3% during the first quarter. Assetmark Inc. now owns 5,286 shares of the company's stock worth $76,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Comerica Bank increased its stake in shares of BlackRock Capital Allocation Term Trust by 27.1% during the fourth quarter. Comerica Bank now owns 10,126 shares of the company's stock worth $153,000 after purchasing an additional 2,157 shares in the last quarter. Hedge funds and other institutional investors own 36.12% of the company's stock.

BlackRock Capital Allocation Term Trust Stock Up 0.1%

Shares of BCAT stock traded up $0.02 on Wednesday, reaching $14.81. 321,910 shares of the company were exchanged, compared to its average volume of 531,078. The business has a 50-day moving average price of $14.97 and a 200 day moving average price of $14.82. 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 declared a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.2724 per share. The ex-dividend date is Friday, August 15th. This represents a c) dividend on an annualized basis and a yield of 22.1%.

About BlackRock Capital Allocation Term Trust

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