BlackRock Capital Allocation Term Trust (NYSE:BCAT) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE increased its stake in BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 9.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,183,518 shares of the company’s stock after acquiring an additional 98,210 shares during the period. Bank of America Corp DE owned approximately 1.10% of BlackRock Capital Allocation Term Trust worth $17,930,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BCAT. MassMutual Private Wealth & Trust FSB acquired a new position in BlackRock Capital Allocation Term Trust during the 4th quarter worth approximately $112,000. Janney Montgomery Scott LLC grew its stake in shares of BlackRock Capital Allocation Term Trust by 13.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 17,150 shares of the company’s stock worth $260,000 after purchasing an additional 2,000 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in BlackRock Capital Allocation Term Trust in the fourth quarter valued at $594,000. Joseph P. Lucia & Associates LLC acquired a new stake in BlackRock Capital Allocation Term Trust in the fourth quarter valued at $255,000. Finally, Mathes Company Inc. raised its stake in BlackRock Capital Allocation Term Trust by 13.8% in the fourth quarter. Mathes Company Inc. now owns 109,800 shares of the company’s stock valued at $1,663,000 after buying an additional 13,300 shares in the last quarter. 36.12% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Stock Down 0.2%

NYSE:BCAT opened at $14.74 on Wednesday. The stock has a 50-day simple moving average of $14.36 and a 200-day simple moving average of $15.23. BlackRock Capital Allocation Term Trust has a 1 year low of $12.91 and a 1 year high of $17.18.

BlackRock Capital Allocation Term Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a dividend of $0.2813 per share. This represents a $3.38 annualized dividend and a yield of 22.90%. The ex-dividend date of this dividend is Thursday, May 15th.

BlackRock Capital Allocation Term Trust Company Profile

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