Perennial Investment Advisors LLC purchased a new stake in BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,429 shares of the company's stock, valued at approximately $552,000.
A number of other hedge funds have also recently bought and sold shares of BCAT. CIBC Private Wealth Group LLC acquired a new position in BlackRock Capital Allocation Term Trust in the fourth quarter worth about $36,000. Anfield Capital Management LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust in the 4th quarter worth approximately $56,000. MassMutual Private Wealth & Trust FSB bought a new stake in shares of BlackRock Capital Allocation Term Trust in the 4th quarter valued at approximately $112,000. Private Advisor Group LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the 4th quarter valued at approximately $158,000. Finally, Cutter & CO Brokerage Inc. bought a new position in BlackRock Capital Allocation Term Trust during the fourth quarter worth $158,000. Institutional investors and hedge funds own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Stock Up 1.4 %
BCAT stock traded up $0.20 during trading on Friday, hitting $13.99. 226,994 shares of the company's stock traded hands, compared to its average volume of 423,882. The stock has a fifty day moving average price of $14.90 and a two-hundred day moving average price of $15.58. BlackRock Capital Allocation Term Trust has a 52 week low of $12.91 and a 52 week high of $17.18.
BlackRock Capital Allocation Term Trust Cuts Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $0.2848 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $3.42 dividend on an annualized basis and a yield of 24.43%.
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