Wolverine Asset Management LLC Purchases 31,629 Shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Key Points

• Wolverine Asset Management LLC increased its stake in BlackRock Capital Allocation Term Trust by 38.4%, acquiring an additional 31,629 shares, bringing its total ownership to 114,083 shares valued at approximately $1.64 million.
• Other institutional investors also boosted their holdings significantly in the same period, with LPL Financial LLC raising its position by 58.5% to own 189,656 shares.
• BlackRock Capital Allocation Term Trust has announced a monthly dividend of $0.2724 per share, representing an annualized yield of 21.7%, with the distribution set to occur on August 29th.

Wolverine Asset Management LLC raised its position in BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 38.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,083 shares of the company's stock after buying an additional 31,629 shares during the period. Wolverine Asset Management LLC owned 0.11% of BlackRock Capital Allocation Term Trust worth $1,643,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Ameriprise Financial Inc. boosted its holdings in BlackRock Capital Allocation Term Trust by 1.9% during the fourth quarter. Ameriprise Financial Inc. now owns 44,528 shares of the company's stock worth $675,000 after purchasing an additional 844 shares during the last quarter. Amplius Wealth Advisors LLC boosted its holdings in BlackRock Capital Allocation Term Trust by 5.4% during the first quarter. Amplius Wealth Advisors LLC now owns 29,005 shares of the company's stock worth $418,000 after purchasing an additional 1,492 shares during the last quarter. Cerity Partners LLC boosted its holdings in BlackRock Capital Allocation Term Trust by 4.6% during the first quarter. Cerity Partners LLC now owns 41,832 shares of the company's stock worth $602,000 after purchasing an additional 1,832 shares during the last quarter. Comerica Bank boosted its holdings in BlackRock Capital Allocation Term Trust by 27.1% during the fourth quarter. Comerica Bank now owns 10,126 shares of the company's stock worth $153,000 after purchasing an additional 2,157 shares during the last quarter. Finally, Noble Wealth Management PBC acquired a new position in BlackRock Capital Allocation Term Trust during the first quarter worth $32,000. 36.12% of the stock is owned by institutional investors.

BlackRock Capital Allocation Term Trust Stock Performance

NYSE BCAT traded up $0.05 on Wednesday, hitting $15.26. 549,653 shares of the stock were exchanged, compared to its average volume of 528,788. The business's fifty day moving average is $15.02 and its 200 day moving average is $14.87. BlackRock Capital Allocation Term Trust has a 52 week low of $12.91 and a 52 week high of $16.80.

BlackRock Capital Allocation Term Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a $0.2724 dividend. This represents a c) annualized dividend and a yield of 21.4%. The ex-dividend date of this dividend is Friday, August 15th.

BlackRock Capital Allocation Term Trust Profile

-