BlackRock Capital Allocation Term Trust (NYSE:BCAT) Reaches New 12-Month Low – Here’s What Happened

BlackRock Capital Allocation Term Trust (NYSE:BCAT) shares reached a new 52-week low on Tuesday. The company traded as low as $13.43 and last traded at $13.6860, with a volume of 179 shares changing hands. The stock had previously closed at $13.72.

BlackRock Capital Allocation Term Trust Price Performance

The company’s 50-day moving average price is $15.06 and its two-hundred day moving average price is $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. Investors of record on Friday, December 11th will be paid a $0.2501 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 22.1%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Trading of BlackRock Capital Allocation Term Trust

Several institutional investors and hedge funds have recently modified their holdings of BCAT. NewEdge Advisors LLC lifted its stake in BlackRock Capital Allocation Term Trust by 4.6% in the 1st quarter. NewEdge Advisors LLC now owns 17,638 shares of the company’s stock valued at $249,000 after purchasing an additional 779 shares during the last quarter. Quantinno Capital Management LP raised its position in BlackRock Capital Allocation Term Trust by 3.3% in the first quarter. Quantinno Capital Management LP now owns 41,232 shares of the company’s stock valued at $583,000 after purchasing an additional 1,324 shares during the last quarter. Walkner Condon Financial Advisors LLC boosted its stake in shares of BlackRock Capital Allocation Term Trust by 8.6% during the first quarter. Walkner Condon Financial Advisors LLC now owns 17,613 shares of the company’s stock valued at $249,000 after purchasing an additional 1,400 shares in the last quarter. TD Capital Management LLC grew its holdings in shares of BlackRock Capital Allocation Term Trust by 5.6% during 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 last quarter. Finally, Baird Financial Group Inc. raised its holdings in 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 during the last quarter. 36.12% of the stock is currently owned by institutional investors.

BlackRock Capital Allocation Term Trust Company Profile

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.