LPL Financial LLC Buys 70,021 Shares of BlackRock Capital Allocation Term Trust $BCAT

Key Points

• LPL Financial LLC increased its stake in BlackRock Capital Allocation Term Trust by 58.5%, acquiring an additional 70,021 shares in the 1st quarter, bringing their total ownership to approximately 189,656 shares.
• The stock price of BlackRock Capital Allocation Term Trust decreased by 1.8%, with current trading around $14.89, between a 1-year low of $12.91 and a 1-year high of $16.80.
• BlackRock Capital Allocation Term Trust has declared a monthly dividend of $0.2724, set to be paid on August 29, representing an annualized yield of 21.9%.

LPL Financial LLC lifted its stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 58.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,656 shares of the company's stock after acquiring an additional 70,021 shares during the period. LPL Financial LLC owned approximately 0.18% of BlackRock Capital Allocation Term Trust worth $2,731,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. CF Capital LLC bought a new position in BlackRock Capital Allocation Term Trust in the fourth quarter valued at $7,501,000. Raymond James Financial Inc. bought a new position in BlackRock Capital Allocation Term Trust in the fourth quarter valued at $3,161,000. Advisor Resource Council bought a new position in BlackRock Capital Allocation Term Trust in the first quarter valued at $1,482,000. Penserra Capital Management LLC grew its position in BlackRock Capital Allocation Term Trust by 9.7% in the first quarter. Penserra Capital Management LLC now owns 1,136,511 shares of the company's stock valued at $16,365,000 after purchasing an additional 100,038 shares in the last quarter. Finally, Bank of America Corp DE grew its position in BlackRock Capital Allocation Term Trust by 9.0% in the fourth quarter. Bank of America Corp DE now owns 1,183,518 shares of the company's stock valued at $17,930,000 after purchasing an additional 98,210 shares in the last quarter. Institutional investors own 36.12% of the company's stock.

BlackRock Capital Allocation Term Trust Stock Down 1.8%

BlackRock Capital Allocation Term Trust stock opened at $14.89 on Monday. BlackRock Capital Allocation Term Trust has a 1-year low of $12.91 and a 1-year high of $16.80. The company has a fifty day simple moving average of $15.01 and a 200 day simple moving average of $14.85.

BlackRock Capital Allocation Term Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a $0.2724 dividend. The ex-dividend date is Friday, August 15th. This represents a c) dividend on an annualized basis and a yield of 21.9%.

About BlackRock Capital Allocation Term Trust

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