Baird Financial Group Inc. Increases Holdings in BlackRock Capital Allocation Term Trust $BCAT

Baird Financial Group Inc. boosted its holdings in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 78.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 81,079 shares of the company’s stock after buying an additional 35,582 shares during the period. Baird Financial Group Inc. owned approximately 0.08% of BlackRock Capital Allocation Term Trust worth $1,168,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BCAT. Comerica Bank raised its position in BlackRock Capital Allocation Term Trust by 27.1% during the fourth quarter. Comerica Bank now owns 10,126 shares of the company’s stock valued at $153,000 after purchasing an additional 2,157 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of BlackRock Capital Allocation Term Trust by 176.2% during the fourth quarter. Jane Street Group LLC now owns 50,496 shares of the company’s stock worth $765,000 after purchasing an additional 32,216 shares during the period. Ameriprise Financial Inc. boosted its holdings in BlackRock Capital Allocation Term Trust by 1.9% in the fourth quarter. Ameriprise Financial Inc. now owns 44,528 shares of the company’s stock valued at $675,000 after acquiring an additional 844 shares in the last quarter. Bank of America Corp DE raised its stake in BlackRock Capital Allocation Term Trust by 9.0% in the fourth quarter. Bank of America Corp DE now owns 1,183,518 shares of the company’s stock worth $17,930,000 after buying an additional 98,210 shares in the last quarter. Finally, Cary Street Partners Financial LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust during the fourth quarter valued at approximately $186,000. Hedge funds and other institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Stock Performance

Shares of BCAT stock opened at $15.20 on Tuesday. BlackRock Capital Allocation Term Trust has a 12 month low of $12.91 and a 12 month high of $16.80. The company’s fifty day moving average price is $14.98 and its 200-day moving average price is $14.78.

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 issued a dividend of $0.2699 per share. This represents a c) dividend on an annualized basis and a dividend yield of 21.3%. The ex-dividend date is Monday, September 15th.

BlackRock Capital Allocation Term Trust Profile

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