BlackRock Capital Allocation Term Trust (NYSE:BCAT) Reaches New 1-Year Low - Here's Why

Key Points

• BCAT shares hit a new 52-week low, falling to $13.43 during Tuesday trading and closing around $13.69, below its 50-day and 200-day moving averages.
• The fund declared a monthly dividend of $0.2501 per share, equivalent to $3.00 annually and a reported 22.1% dividend yield.
• Institutional investors increased their positions in BCAT, which is currently approximately 36.12% institutionally owned.

BlackRock Capital Allocation Term Trust (NYSE:BCAT - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday. The company traded as low as $13.43 and last traded at $13.6860, with a volume of 179 shares. The stock had previously closed at $13.72.

BlackRock Capital Allocation Term Trust Stock Down 0.8%

The company has a 50-day moving average price of $15.06 and a 200 day moving average price of $15.27.

BlackRock Capital Allocation Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a $0.2501 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 22.1%.

Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust

Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its stake in BlackRock Capital Allocation Term Trust by 4.6% in the first quarter. NewEdge Advisors LLC now owns 17,638 shares of the company's stock valued at $249,000 after acquiring an additional 779 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of BlackRock Capital Allocation Term Trust by 3.3% in the 1st quarter. Quantinno Capital Management LP now owns 41,232 shares of the company's stock valued at $583,000 after acquiring an additional 1,324 shares during the last quarter. Walkner Condon Financial Advisors LLC boosted its stake in BlackRock Capital Allocation Term Trust by 8.6% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 17,613 shares of the company's stock worth $249,000 after acquiring an additional 1,400 shares during the last quarter. TD Capital Management LLC raised its holdings in BlackRock Capital Allocation Term Trust by 5.6% in the fourth quarter. TD Capital Management LLC now owns 33,812 shares of the company's stock worth $479,000 after purchasing an additional 1,805 shares during the period. Finally, Baird Financial Group Inc. increased its position in shares of BlackRock Capital Allocation Term Trust by 2.0% in the 2nd quarter. Baird Financial Group Inc. now owns 90,490 shares of the company's stock valued at $1,442,000 after buying an additional 1,815 shares in the last quarter. 36.12% of the stock is currently owned by institutional investors.

About BlackRock Capital Allocation Term Trust

BlackRock Capital Allocation Term Trust NYSE: BCAT is a diversified, closed-end management investment company advised by BlackRock Advisors, LLC. The fund seeks to provide total return through a flexible allocation between equity and fixed-income investments.

BCAT invests in securities issued by companies and governments in the United States and other countries. Its portfolio may include common and preferred stocks, corporate and government bonds, bank loans, mortgage- and asset-backed securities, convertible securities, and other income-producing or structured investments.

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