Cwm LLC Makes New Investment in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Cwm LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) in the fourth quarter, Holdings Channel reports. The fund bought 4,155 shares of the company’s stock, valued at approximately $62,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Saba Capital Management L.P. grew its stake in BlackRock Capital Allocation Term Trust by 17.2% during the third quarter. Saba Capital Management L.P. now owns 10,259,217 shares of the company’s stock valued at $148,656,000 after acquiring an additional 1,507,756 shares in the last quarter. Stifel Financial Corp grew its position in shares of BlackRock Capital Allocation Term Trust by 19.3% during the 3rd quarter. Stifel Financial Corp now owns 375,164 shares of the company’s stock valued at $5,436,000 after purchasing an additional 60,806 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of BlackRock Capital Allocation Term Trust by 6.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 128,956 shares of the company’s stock worth $1,869,000 after purchasing an additional 7,272 shares during the period. Advisor Resource Council purchased a new stake in shares of BlackRock Capital Allocation Term Trust in the fourth quarter worth $1,564,000. Finally, Consolidated Portfolio Review Corp boosted its stake in BlackRock Capital Allocation Term Trust by 2.3% during the fourth quarter. Consolidated Portfolio Review Corp now owns 89,622 shares of the company’s stock valued at $1,340,000 after buying an additional 2,017 shares during the period. 36.12% of the stock is owned by hedge funds and other institutional investors.

BlackRock Capital Allocation Term Trust Stock Performance

Shares of NYSE BCAT opened at $16.07 on Thursday. The stock’s 50-day simple moving average is $15.82 and its two-hundred day simple moving average is $15.25. BlackRock Capital Allocation Term Trust has a twelve month low of $13.67 and a twelve month high of $16.82.

BlackRock Capital Allocation Term Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $0.127 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 9.48%. The ex-dividend date is Tuesday, May 14th.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. acquired 1,061,017 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average cost of $15.78 per share, with a total value of $16,742,848.26. Following the acquisition, the insider now owns 16,333,600 shares in the company, valued at approximately $257,744,208. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have purchased 1,514,751 shares of company stock worth $23,787,926.

BlackRock Capital Allocation Term Trust Profile

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