Shaker Financial Services LLC acquired 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 fund acquired 25,517 shares of the company's stock, valued at approximately $387,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC boosted its position in shares of 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 worth $260,000 after acquiring an additional 2,000 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust in the 4th quarter valued at $36,000. Anfield Capital Management LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the 4th quarter valued at $56,000. First Trust Advisors LP grew its stake in shares of BlackRock Capital Allocation Term Trust by 4.9% during the 4th quarter. First Trust Advisors LP now owns 113,619 shares of the company's stock valued at $1,721,000 after buying an additional 5,300 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in shares of BlackRock Capital Allocation Term Trust by 3.2% during the 4th quarter. Advisors Asset Management Inc. now owns 192,327 shares of the company's stock worth $2,914,000 after buying an additional 6,025 shares during the last quarter. Hedge funds and other institutional investors own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Price Performance
BlackRock Capital Allocation Term Trust stock traded up $0.14 during midday trading on Friday, reaching $14.30. The stock had a trading volume of 328,572 shares, compared to its average volume of 431,780. The stock's 50-day simple moving average is $14.52 and its 200 day simple moving average is $15.38. BlackRock Capital Allocation Term Trust has a twelve month low of $12.91 and a twelve month high of $17.18.
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 issued a dividend of $0.2848 per share. This represents a $3.42 dividend on an annualized basis and a dividend yield of 23.90%. The ex-dividend date is Tuesday, April 15th.
BlackRock Capital Allocation Term Trust Company Profile
(
Free Report)
-
Recommended Stories
Before you consider BlackRock Capital Allocation Term Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock Capital Allocation Term Trust wasn't on the list.
While BlackRock Capital Allocation Term Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
