Readystate Asset Management LP Lowers Stock Position in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Readystate Asset Management LP decreased its holdings in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 43.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,532 shares of the company's stock after selling 35,961 shares during the quarter. Readystate Asset Management LP's holdings in BlackRock Capital Allocation Term Trust were worth $684,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Jane Street Group LLC grew its holdings in shares of BlackRock Capital Allocation Term Trust by 176.2% during the fourth quarter. Jane Street Group LLC now owns 50,496 shares of the company's stock worth $765,000 after buying an additional 32,216 shares in the last quarter. Private Trust Co. NA purchased a new stake in shares of BlackRock Capital Allocation Term Trust in the first quarter valued at about $50,000. Raymond James Financial Inc. purchased a new stake in shares of BlackRock Capital Allocation Term Trust in the fourth quarter valued at about $3,161,000. LPL Financial LLC grew its holdings in shares of BlackRock Capital Allocation Term Trust by 30.0% in the fourth quarter. LPL Financial LLC now owns 119,635 shares of the company's stock valued at $1,812,000 after purchasing an additional 27,602 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust in the fourth quarter valued at about $380,000. Hedge funds and other institutional investors own 36.12% of the company's stock.

BlackRock Capital Allocation Term Trust Trading Up 0.3%

Shares of BCAT traded up $0.05 during mid-day trading on Friday, reaching $14.97. The stock had a trading volume of 430,994 shares, compared to its average volume of 527,002. BlackRock Capital Allocation Term Trust has a 52-week low of $12.91 and a 52-week high of $16.80. The business's fifty day moving average is $14.97 and its 200 day moving average is $14.92.

BlackRock Capital Allocation Term Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued a $0.2755 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 22.09%. The ex-dividend date is Tuesday, July 15th.

About BlackRock Capital Allocation Term Trust

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