Raymond James Financial Inc. Acquires 73,872 Shares of BlackRock Capital Allocation Term Trust $BCAT

Key Points

• Raymond James Financial Inc. increased its stake in BlackRock Capital Allocation Term Trust (BCAT) by 35.4%, acquiring an additional 73,872 shares, bringing its total holdings to 282,503 shares valued at $4,068,000.
• Other institutional investors such as Bank of America and LPL Financial also raised their stakes in BCAT, highlighting growing institutional interest in the trust.
• The company declared a monthly dividend of $0.2699, with a dividend yield of 21.5%, set to be paid on September 30th to stockholders of record on September 15th.

Raymond James Financial Inc. lifted its position in BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 35.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 282,503 shares of the company's stock after acquiring an additional 73,872 shares during the period. Raymond James Financial Inc. owned approximately 0.26% of BlackRock Capital Allocation Term Trust worth $4,068,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Noble Wealth Management PBC acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the 1st quarter valued at approximately $32,000. NBC Securities Inc. increased its stake in BlackRock Capital Allocation Term Trust by 151,600.0% during the 1st 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 bought a new stake in BlackRock Capital Allocation Term Trust during the 1st quarter worth approximately $50,000. Assetmark Inc. increased its stake in BlackRock Capital Allocation Term Trust by 1,748.3% during the 1st 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 BlackRock Capital Allocation Term Trust by 27.1% during the 4th 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. 36.12% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Price Performance

NYSE BCAT traded down $0.01 during trading hours on Thursday, reaching $15.20. 561,689 shares of the company's stock were exchanged, compared to its average volume of 531,592. The company's 50-day moving average is $14.99 and its two-hundred day moving average is $14.78. BlackRock Capital Allocation Term Trust has a one year low of $12.91 and a one year high of $16.80.

BlackRock Capital Allocation Term Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.2699 per share. This represents a c) dividend on an annualized basis and a yield of 21.3%. The ex-dividend date of this dividend is Monday, September 15th.

About BlackRock Capital Allocation Term Trust

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