Cetera Investment Advisers Boosts Stock Position in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Cetera Investment Advisers increased its stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCATFree Report) by 18.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,640 shares of the company’s stock after purchasing an additional 7,338 shares during the quarter. Cetera Investment Advisers’ holdings in BlackRock Capital Allocation Term Trust were worth $672,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Noble Wealth Management PBC purchased a new stake in BlackRock Capital Allocation Term Trust during the 1st quarter worth about $32,000. NBC Securities Inc. grew its holdings in BlackRock Capital Allocation Term Trust by 151,600.0% in the 1st quarter. NBC Securities Inc. now owns 3,034 shares of the company’s stock valued at $43,000 after buying an additional 3,032 shares during the period. Private Trust Co. NA purchased a new stake in BlackRock Capital Allocation Term Trust in the 1st quarter valued at about $50,000. Comerica Bank grew its holdings in BlackRock Capital Allocation Term Trust by 27.1% in the 4th quarter. Comerica Bank now owns 10,126 shares of the company’s stock valued at $153,000 after buying an additional 2,157 shares during the period. Finally, Elequin Capital LP purchased a new stake in BlackRock Capital Allocation Term Trust in the 4th quarter valued at about $162,000. Hedge funds and other institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Stock Performance

BCAT opened at $15.18 on Friday. The business has a 50-day moving average of $15.02 and a two-hundred day moving average of $14.87. BlackRock Capital Allocation Term Trust has a 12 month low of $12.91 and a 12 month high of $16.80.

BlackRock Capital Allocation Term Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a $0.2724 dividend. The ex-dividend date is Friday, August 15th. This represents a c) annualized dividend and a yield of 21.5%.

About BlackRock Capital Allocation Term Trust

(Free Report)

See Also

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

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