LPL Financial LLC increased its position in BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 30.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,635 shares of the company's stock after buying an additional 27,602 shares during the quarter. LPL Financial LLC owned 0.11% of BlackRock Capital Allocation Term Trust worth $1,812,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its holdings in shares of BlackRock Capital Allocation Term Trust by 13.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 17,150 shares of the company's stock worth $260,000 after purchasing an additional 2,000 shares during the period. Anfield Capital Management LLC bought a new position in shares of BlackRock Capital Allocation Term Trust during the fourth quarter valued at approximately $56,000. Advisors Asset Management Inc. lifted its stake in BlackRock Capital Allocation Term Trust by 3.2% in the fourth quarter. Advisors Asset Management Inc. now owns 192,327 shares of the company's stock worth $2,914,000 after acquiring an additional 6,025 shares during the period. MassMutual Private Wealth & Trust FSB bought a new stake in BlackRock Capital Allocation Term Trust in the fourth quarter valued at $112,000. Finally, Cutter & CO Brokerage Inc. purchased a new position in BlackRock Capital Allocation Term Trust during the 4th quarter valued at $158,000. 36.12% of the stock is currently owned by institutional investors.
BlackRock Capital Allocation Term Trust Trading Up 0.5 %
Shares of BCAT traded up $0.07 during trading hours on Friday, reaching $13.78. 208,751 shares of the company traded hands, compared to its average volume of 428,032. BlackRock Capital Allocation Term Trust has a 12 month low of $12.91 and a 12 month high of $17.18. The company's fifty day moving average price is $14.69 and its two-hundred day moving average price is $15.47.
BlackRock Capital Allocation Term Trust Cuts Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $0.2848 dividend. This represents a $3.42 annualized dividend and a dividend yield of 24.81%. The ex-dividend date is Tuesday, April 15th.
BlackRock Capital Allocation Term Trust Profile
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