BlackRock Capital Allocation Term Trust (NYSE:BCAT) Shares Purchased by Comerica Bank

Comerica Bank boosted its position in BlackRock Capital Allocation Term Trust (NYSE:BCATFree Report) by 27.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,126 shares of the company’s stock after purchasing an additional 2,157 shares during the quarter. Comerica Bank’s holdings in BlackRock Capital Allocation Term Trust were worth $153,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BCAT. CIBC Private Wealth Group LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the 4th quarter valued at $36,000. Anfield Capital Management LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the 4th quarter valued at $56,000. MassMutual Private Wealth & Trust FSB purchased a new stake in BlackRock Capital Allocation Term Trust in the 4th quarter valued at $112,000. Private Advisor Group LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the 4th quarter valued at $158,000. Finally, Cutter & CO Brokerage Inc. purchased a new stake in BlackRock Capital Allocation Term Trust in the 4th quarter valued at $158,000. 36.12% of the stock is owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Stock Performance

Shares of NYSE:BCAT opened at $14.83 on Friday. BlackRock Capital Allocation Term Trust has a 52-week low of $12.91 and a 52-week high of $17.18. The business has a fifty day moving average of $14.38 and a two-hundred day moving average of $15.24.

BlackRock Capital Allocation Term Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.2813 per share. This represents a $3.38 dividend on an annualized basis and a dividend yield of 22.77%. The ex-dividend date of this dividend is Thursday, May 15th.

About BlackRock Capital Allocation Term Trust

(Free Report)

Read More

Institutional Ownership by Quarter for BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Receive News & Ratings for BlackRock Capital Allocation Term Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Capital Allocation Term Trust and related companies with MarketBeat.com's FREE daily email newsletter.