Perennial Investment Advisors LLC Purchases Shares of 114,613 BlackRock Capital Allocation Term Trust $BCAT

Perennial Investment Advisors LLC acquired a new stake in BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 114,613 shares of the company's stock, valued at approximately $1,826,000. Perennial Investment Advisors LLC owned approximately 0.11% of BlackRock Capital Allocation Term Trust as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bank of America Corp DE bought a new position in shares of BlackRock Capital Allocation Term Trust during the 2nd quarter worth approximately $24,720,000. Elevation Point Wealth Partners LLC acquired a new position in BlackRock Capital Allocation Term Trust during the second quarter worth $571,000. Evolve Private Wealth LLC bought a new position in shares of BlackRock Capital Allocation Term Trust during the second quarter valued at $814,000. Keebeck Wealth Management acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the 2nd quarter valued at $5,607,000. Finally, OneAscent Family Office LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust in the 2nd quarter worth about $498,000. Institutional investors own 36.12% of the company's stock.

BlackRock Capital Allocation Term Trust Stock Down 0.4%

BCAT opened at $15.81 on Thursday. The firm's 50-day simple moving average is $15.80 and its 200-day simple moving average is $15.34. BlackRock Capital Allocation Term Trust has a twelve month low of $13.73 and a twelve month high of $16.20.

BlackRock Capital Allocation Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.2542 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 19.3%.

BlackRock Capital Allocation Term Trust Profile

BlackRock Capital Allocation Term Trust NYSE: BCAT is a closed-end, diversified management investment company organized as a term trust. The fund's primary objective is to deliver high current income and total return by investing across a broad range of credit and equity markets. BCAT seeks to achieve this objective through a portfolio of corporate debt securities, floating-rate loans, convertible securities, common and preferred equity, and asset-backed securities.

BCAT employs an actively managed, multi-sector credit approach that spans investment-grade and below-investment-grade bonds, senior secured loans and structured credit.

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