BlackRock Capital Allocation Term Trust (NYSE:BCAT) Shares Acquired by Assetmark Inc.

Assetmark Inc. increased its position in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 1,748.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,286 shares of the company’s stock after buying an additional 5,000 shares during the period. Assetmark Inc.’s holdings in BlackRock Capital Allocation Term Trust were worth $76,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC grew its position in shares of BlackRock Capital Allocation Term Trust by 176.2% during the 4th quarter. Jane Street Group LLC now owns 50,496 shares of the company’s stock valued at $765,000 after buying an additional 32,216 shares during the last quarter. Private Trust Co. NA acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the 1st quarter worth approximately $50,000. LPL Financial LLC lifted its stake in shares of BlackRock Capital Allocation Term Trust by 30.0% in the 4th quarter. LPL Financial LLC now owns 119,635 shares of the company’s stock worth $1,812,000 after acquiring an additional 27,602 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the 4th quarter worth approximately $380,000. Finally, Penserra Capital Management LLC lifted its stake in shares of BlackRock Capital Allocation Term Trust by 9.7% in the 1st quarter. Penserra Capital Management LLC now owns 1,136,511 shares of the company’s stock worth $16,365,000 after acquiring an additional 100,038 shares during the period. Hedge funds and other institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Price Performance

BCAT stock opened at $14.93 on Tuesday. BlackRock Capital Allocation Term Trust has a 12 month low of $12.91 and a 12 month high of $16.80. The firm has a 50 day simple moving average of $15.00 and a 200 day simple moving average of $14.89.

BlackRock Capital Allocation Term Trust Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were paid a dividend of $0.2755 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a c) annualized dividend and a yield of 22.1%.

About BlackRock Capital Allocation Term Trust

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