Commonwealth Equity Services LLC Cuts Stake in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Commonwealth Equity Services LLC trimmed its stake in BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 11.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 179,733 shares of the company’s stock after selling 23,355 shares during the quarter. Commonwealth Equity Services LLC’s holdings in BlackRock Capital Allocation Term Trust were worth $2,723,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of BlackRock Capital Allocation Term Trust in the 4th quarter valued at $3,161,000. Anfield Capital Management LLC acquired a new position in BlackRock Capital Allocation Term Trust in the fourth quarter valued at $56,000. Cutter & CO Brokerage Inc. purchased a new stake in BlackRock Capital Allocation Term Trust during the fourth quarter valued at about $158,000. Winebrenner Capital Management LLC acquired a new stake in BlackRock Capital Allocation Term Trust during the fourth quarter worth about $682,000. Finally, Wolverine Asset Management LLC acquired a new stake in BlackRock Capital Allocation Term Trust during the fourth quarter worth about $1,249,000. Institutional investors and hedge funds own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Stock Down 0.9 %

NYSE BCAT opened at $14.45 on Thursday. BlackRock Capital Allocation Term Trust has a 1-year low of $14.44 and a 1-year high of $17.18. The business’s 50-day simple moving average is $15.30 and its 200-day simple moving average is $15.80.

BlackRock Capital Allocation Term Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.2872 per share. This represents a $3.45 dividend on an annualized basis and a yield of 23.85%. This is a boost from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Friday, March 14th.

About BlackRock Capital Allocation Term Trust

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