Walleye Capital LLC grew its position in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 134.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 29,257 shares of the company's stock after acquiring an additional 16,773 shares during the period. Walleye Capital LLC's holdings in BlackRock Capital Allocation Term Trust were worth $421,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisor Resource Council bought a new position in BlackRock Capital Allocation Term Trust in the 1st quarter valued at approximately $1,482,000. Penserra Capital Management LLC lifted its position in BlackRock Capital Allocation Term Trust by 9.7% in the 1st quarter. Penserra Capital Management LLC now owns 1,136,511 shares of the company's stock valued at $16,365,000 after acquiring an additional 100,038 shares in the last quarter. Bank of America Corp DE lifted its position in BlackRock Capital Allocation Term Trust by 9.0% in the 4th quarter. Bank of America Corp DE now owns 1,183,518 shares of the company's stock valued at $17,930,000 after acquiring an additional 98,210 shares in the last quarter. SOA Wealth Advisors LLC. bought a new position in shares of BlackRock Capital Allocation Term Trust during the 1st quarter valued at $1,081,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 35.4% during the 1st quarter. Raymond James Financial Inc. now owns 282,503 shares of the company's stock valued at $4,068,000 after buying an additional 73,872 shares during the period. Hedge funds and other institutional investors own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Price Performance
Shares of NYSE BCAT traded up $0.03 during midday trading on Friday, hitting $15.05. 376,048 shares of the stock traded hands, compared to its average volume of 531,582. BlackRock Capital Allocation Term Trust has a one year low of $12.91 and a one year high of $16.80. The firm has a 50-day moving average of $14.98 and a two-hundred day moving average of $14.79.
BlackRock Capital Allocation Term Trust Cuts Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.2699 per share. The ex-dividend date is Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 21.5%.
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