BlackRock Capital Allocation Term Trust (NYSE:BCAT) Stake Cut by Mathes Company Inc.

Posted by Ethan Ryder on Sep 19th, 2024

Mathes Company Inc. reduced its holdings in BlackRock Capital Allocation Term Trust (NYSE:BCAT – Free Report) by 2.7% in the 2nd quarter, Holdings Channel reports. The fund owned 91,000 shares of the company’s stock after selling 2,500 shares during the period. Mathes Company Inc.’s holdings in BlackRock Capital Allocation Term Trust were worth $1,493,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Private Advisor Group LLC acquired a new position in BlackRock Capital Allocation Term Trust in the 4th quarter worth about $177,000. Eagle Rock Investment Company LLC acquired a new position in BlackRock Capital Allocation Term Trust in the 1st quarter worth about $298,000. Virtu Financial LLC acquired a new position in BlackRock Capital Allocation Term Trust in the 4th quarter worth about $315,000. Karpus Management Inc. increased its position 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 worth $398,000 after purchasing an additional 4,350 shares during the last quarter. Finally, Ironsides Asset Advisors LLC increased its position in BlackRock Capital Allocation Term Trust by 14.1% in 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 during the last quarter. 36.12% of the stock is owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Price Performance

Shares of NYSE BCAT opened at $16.27 on Thursday. The business’s 50-day simple moving average is $16.35 and its 200-day simple moving average is $16.19. 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 business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.2871 per share. This is a positive change from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $3.45 dividend on an annualized basis and a dividend yield of 21.18%.