LPL Financial LLC Grows Stock Position in BlackRock Capital Allocation Term Trust $BCAT

LPL Financial LLC raised its holdings in BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 58.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 189,656 shares of the company’s stock after buying an additional 70,021 shares during the quarter. LPL Financial LLC owned about 0.18% of BlackRock Capital Allocation Term Trust worth $2,731,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC raised its stake in BlackRock Capital Allocation Term Trust by 176.2% in the fourth 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 purchased a new stake in BlackRock Capital Allocation Term Trust in the first quarter valued at about $50,000. Integrated Wealth Concepts LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the fourth quarter valued at about $380,000. Penserra Capital Management LLC raised its stake in BlackRock Capital Allocation Term Trust by 9.7% in the first quarter. Penserra Capital Management LLC now owns 1,136,511 shares of the company’s stock valued at $16,365,000 after buying an additional 100,038 shares during the last quarter. Finally, Shaker Financial Services LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the fourth quarter valued at about $387,000. 36.12% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Capital Allocation Term Trust Trading Down 1.8%

BlackRock Capital Allocation Term Trust stock opened at $14.89 on Monday. The stock has a 50-day moving average of $15.01 and a two-hundred day moving average of $14.85. BlackRock Capital Allocation Term Trust has a one year low of $12.91 and a one year high of $16.80.

BlackRock Capital Allocation Term Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a $0.2724 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) dividend on an annualized basis and a dividend yield of 21.9%.

BlackRock Capital Allocation Term Trust Profile

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