Commonwealth Equity Services LLC Sells 2,532 Shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Posted by Joseph Griffin on Sep 10th, 2024

Commonwealth Equity Services LLC reduced its holdings in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT – Free Report) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 225,107 shares of the company’s stock after selling 2,532 shares during the quarter. Commonwealth Equity Services LLC owned 0.21% of BlackRock Capital Allocation Term Trust worth $3,694,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fountainhead AM LLC raised its stake in BlackRock Capital Allocation Term Trust by 2.0% during the first quarter. Fountainhead AM LLC now owns 47,570 shares of the company’s stock worth $793,000 after acquiring an additional 921 shares in the last quarter. Ironsides Asset Advisors LLC increased its position in BlackRock Capital Allocation Term Trust by 14.1% during the 1st quarter. Ironsides Asset Advisors LLC now owns 29,133 shares of the company’s stock worth $485,000 after purchasing an additional 3,606 shares in the last quarter. Karpus Management Inc. lifted its stake in BlackRock Capital Allocation Term Trust by 19.6% in the 4th quarter. Karpus Management Inc. now owns 26,600 shares of the company’s stock valued at $398,000 after purchasing an additional 4,350 shares during the last quarter. Transcend Capital Advisors LLC lifted its stake in shares of BlackRock Capital Allocation Term Trust by 7.3% in the 2nd quarter. Transcend Capital Advisors LLC now owns 65,207 shares of the company’s stock valued at $1,070,000 after acquiring an additional 4,435 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in BlackRock Capital Allocation Term Trust by 0.9% in the fourth quarter. Wells Fargo & Company MN now owns 495,095 shares of the company’s stock valued at $7,402,000 after purchasing an additional 4,437 shares during the last quarter. 36.12% of the stock is owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Trading Up 0.8 %

Shares of NYSE:BCAT opened at $16.49 on Tuesday. The firm’s fifty day moving average is $16.37 and its 200-day moving average is $16.15. BlackRock Capital Allocation Term Trust has a 52 week low of $13.67 and a 52 week high of $17.18.

BlackRock Capital Allocation Term Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.287 per share. This represents a $3.44 dividend on an annualized basis and a yield of 20.89%. The ex-dividend date is Monday, September 16th. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.