Saba Capital Management L.P. decreased its holdings in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT - Free Report) by 15.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 accounts for approximately 4.8% of Saba Capital Management L.P.'s holdings, making the stock its 4th biggest position. Saba Capital Management L.P. owned approximately 12.67% of BlackRock Capital Allocation Term Trust worth $206,302,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of BCAT. MassMutual Private Wealth & Trust FSB purchased a new position in shares of BlackRock Capital Allocation Term Trust during the fourth quarter valued at $112,000. Janney Montgomery Scott LLC grew its stake in BlackRock Capital Allocation Term Trust by 13.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 17,150 shares of the company's stock valued at $260,000 after purchasing an additional 2,000 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in BlackRock Capital Allocation Term Trust in the fourth quarter valued at about $594,000. Joseph P. Lucia & Associates LLC purchased a new position in BlackRock Capital Allocation Term Trust in the fourth quarter valued at about $255,000. Finally, Mathes Company Inc. grew its stake in BlackRock Capital Allocation Term Trust by 13.8% in the fourth quarter. Mathes Company Inc. now owns 109,800 shares of the company's stock valued at $1,663,000 after purchasing an additional 13,300 shares in the last quarter. Hedge funds and other institutional investors own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Stock Down 0.4%
Shares of NYSE:BCAT opened at $14.83 on Friday. BlackRock Capital Allocation Term Trust has a fifty-two week low of $12.91 and a fifty-two week high of $17.18. The business has a 50-day moving average of $14.38 and a two-hundred day moving average of $15.25.
BlackRock Capital Allocation Term Trust Cuts Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a $0.2813 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 22.77%.
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