Closed End Fund Advisors Inc. Acquires Shares of 36,623 BlackRock Capital Allocation Term Trust $BCAT

Closed End Fund Advisors Inc. purchased a new stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 36,623 shares of the company’s stock, valued at approximately $519,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Keener Financial Planning LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust during the third quarter valued at about $29,000. Geneos Wealth Management Inc. increased its position in shares of BlackRock Capital Allocation Term Trust by 341.7% during the second quarter. Geneos Wealth Management Inc. now owns 2,045 shares of the company’s stock valued at $31,000 after buying an additional 1,582 shares during the period. N.E.W. Advisory Services LLC increased its position in shares of BlackRock Capital Allocation Term Trust by 100.0% during the fourth quarter. N.E.W. Advisory Services LLC now owns 2,400 shares of the company’s stock valued at $34,000 after buying an additional 1,200 shares during the period. Parallel Advisors LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust during the third quarter valued at about $47,000. Finally, Brown Brothers Harriman & Co. increased its position in shares of BlackRock Capital Allocation Term Trust by 450.0% during the third quarter. Brown Brothers Harriman & Co. now owns 5,500 shares of the company’s stock valued at $81,000 after buying an additional 4,500 shares during the period. 36.12% of the stock is currently owned by institutional investors.

BlackRock Capital Allocation Term Trust Trading Down 0.9%

Shares of BCAT opened at $15.49 on Friday. The business’s 50-day moving average price is $15.10 and its 200-day moving average price is $14.77. BlackRock Capital Allocation Term Trust has a twelve month low of $13.73 and a twelve month high of $15.98.

BlackRock Capital Allocation Term Trust Profile

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.