BlackRock Capital Allocation Term Trust Declares Monthly Dividend of $0.26 (NYSE:BCAT)

BlackRock Capital Allocation Term Trust (NYSE:BCAT) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, February 13th will be paid a dividend of 0.2607 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 20.9%. The ex-dividend date is Friday, February 13th.

BlackRock Capital Allocation Term Trust Stock Down 0.1%

BCAT stock opened at $15.00 on Wednesday. The business has a 50 day moving average of $14.50 and a 200-day moving average of $14.65. BlackRock Capital Allocation Term Trust has a 12-month low of $12.91 and a 12-month high of $15.91.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its position in BlackRock Capital Allocation Term Trust by 401.7% in the first quarter. Royal Bank of Canada now owns 428,585 shares of the company’s stock worth $6,172,000 after buying an additional 343,154 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in BlackRock Capital Allocation Term Trust by 35.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 34,000 shares of the company’s stock worth $490,000 after acquiring an additional 8,950 shares during the last quarter. CWM LLC raised its stake in BlackRock Capital Allocation Term Trust by 8,947.4% in the 2nd quarter. CWM LLC now owns 70,479 shares of the company’s stock valued at $1,067,000 after acquiring an additional 69,700 shares during the period. Joseph P. Lucia & Associates LLC raised its stake in BlackRock Capital Allocation Term Trust by 37.2% in the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 33,066 shares of the company’s stock valued at $501,000 after acquiring an additional 8,972 shares during the period. Finally, Amplius Wealth Advisors LLC lifted its holdings in BlackRock Capital Allocation Term Trust by 5.4% during the second quarter. Amplius Wealth Advisors LLC now owns 30,576 shares of the company’s stock valued at $463,000 after purchasing an additional 1,571 shares during the last quarter. 36.12% of the stock is owned by institutional investors.

About BlackRock Capital Allocation Term Trust

BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a closed-end, diversified management investment company organized as a term trust. The fund’s primary objective is to deliver high current income and total return by investing across a broad range of credit and equity markets. BCAT seeks to achieve this objective through a portfolio of corporate debt securities, floating-rate loans, convertible securities, common and preferred equity, and asset-backed securities.

BCAT employs an actively managed, multi-sector credit approach that spans investment-grade and below-investment-grade bonds, senior secured loans and structured credit.