HighTower Advisors LLC Makes New $179,000 Investment in BlackRock Capital Allocation Term Trust $BCAT

HighTower Advisors LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,399 shares of the company’s stock, valued at approximately $179,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Noble Wealth Management PBC acquired a new position in shares of BlackRock Capital Allocation Term Trust during the first quarter worth about $32,000. NBC Securities Inc. lifted its stake in shares of BlackRock Capital Allocation Term Trust by 151,600.0% during the first quarter. NBC Securities Inc. now owns 3,034 shares of the company’s stock worth $43,000 after purchasing an additional 3,032 shares in the last quarter. Private Trust Co. NA acquired a new position in shares of BlackRock Capital Allocation Term Trust during the first quarter worth about $50,000. Assetmark Inc. lifted its stake in shares of BlackRock Capital Allocation Term Trust by 1,748.3% during the first quarter. Assetmark Inc. now owns 5,286 shares of the company’s stock worth $76,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Comerica Bank lifted its stake in shares of BlackRock Capital Allocation Term Trust by 27.1% during the fourth quarter. Comerica Bank now owns 10,126 shares of the company’s stock worth $153,000 after purchasing an additional 2,157 shares in the last quarter. Institutional investors and hedge funds own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Stock Down 0.2%

Shares of NYSE BCAT opened at $15.04 on Friday. BlackRock Capital Allocation Term Trust has a 1 year low of $12.91 and a 1 year high of $16.80. The stock’s 50-day simple moving average is $14.98 and its 200-day simple moving average is $14.79.

BlackRock Capital Allocation Term Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.2699 per share. This represents a c) dividend on an annualized basis and a dividend yield of 21.5%. The ex-dividend date of this dividend is Monday, September 15th.

BlackRock Capital Allocation Term Trust Company Profile

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