Saba Capital Management L.P. cut its holdings in BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,617,277 shares of the company's stock after selling 2,497,496 shares during the quarter. BlackRock Capital Allocation Term Trust makes up 4.8% of Saba Capital Management L.P.'s portfolio, making the stock its 4th largest position. Saba Capital Management L.P. owned 12.67% of BlackRock Capital Allocation Term Trust worth $206,302,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in BCAT. Cetera Investment Advisers raised its position in BlackRock Capital Allocation Term Trust by 11.8% in the 4th quarter. Cetera Investment Advisers now owns 39,302 shares of the company's stock worth $595,000 after purchasing an additional 4,163 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the 4th quarter valued at $221,000. Cary Street Partners Financial LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust during the fourth quarter worth $186,000. CF Capital LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust during the fourth quarter valued at $7,501,000. Finally, Bank of America Corp DE boosted its holdings in BlackRock Capital Allocation Term Trust by 9.0% in the fourth 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 during the last quarter. 36.12% of the stock is owned by institutional investors.
BlackRock Capital Allocation Term Trust Price Performance
BCAT stock traded down $0.03 during midday trading on Thursday, reaching $14.53. The stock had a trading volume of 215,572 shares, compared to its average volume of 449,781. BlackRock Capital Allocation Term Trust has a twelve month low of $12.91 and a twelve month high of $17.18. The business has a fifty day simple moving average of $14.36 and a two-hundred day simple moving average of $15.22.
BlackRock Capital Allocation Term Trust Cuts Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.2813 per share. This represents a $3.38 annualized dividend and a dividend yield of 23.23%. The ex-dividend date is Thursday, May 15th.
BlackRock Capital Allocation Term Trust Profile
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