Saba Capital Management, L.P. Sells 38,785 Shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) Stock

BlackRock Capital Allocation Term Trust (NYSE:BCAT) major shareholder Saba Capital Management, L.P. sold 38,785 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $16.32, for a total transaction of $632,971.20. Following the transaction, the insider now owns 14,917,540 shares in the company, valued at approximately $243,454,252.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Monday, October 21st, Saba Capital Management, L.P. sold 28,670 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.27, for a total transaction of $466,460.90.
• On Wednesday, October 16th, Saba Capital Management, L.P. sold 40,158 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.27, for a total transaction of $653,370.66.
• On Monday, October 14th, Saba Capital Management, L.P. sold 166,128 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.60, for a total transaction of $2,757,724.80.
• On Friday, October 11th, Saba Capital Management, L.P. sold 65,953 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.51, for a total transaction of $1,088,884.03.
• On Wednesday, October 9th, Saba Capital Management, L.P. sold 72,094 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.45, for a total transaction of $1,185,946.30.
• On Monday, October 7th, Saba Capital Management, L.P. sold 66,481 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.48, for a total transaction of $1,095,606.88.
• On Friday, October 4th, Saba Capital Management, L.P. sold 52,067 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.47, for a total transaction of $857,543.49.
• On Wednesday, October 2nd, Saba Capital Management, L.P. sold 75,831 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.48, for a total value of $1,249,694.88.
• On Monday, September 30th, Saba Capital Management, L.P. sold 44,884 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.48, for a total value of $739,688.32.
• On Wednesday, September 25th, Saba Capital Management, L.P. sold 8,800 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.44, for a total value of $144,672.00.

BlackRock Capital Allocation Term Trust Price Performance

NYSE BCAT opened at $16.18 on Wednesday. The business has a 50 day simple moving average of $16.37 and a 200 day simple moving average of $16.25. 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 firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.2871 per share. This represents a $3.45 dividend on an annualized basis and a yield of 21.30%. This is a boost from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. The ex-dividend date is Tuesday, October 15th.

Institutional Trading of BlackRock Capital Allocation Term Trust

A number of large investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC boosted its position in BlackRock Capital Allocation Term Trust by 0.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 227,639 shares of the company’s stock worth $3,792,000 after acquiring an additional 1,950 shares during the last quarter. Sanctuary Advisors LLC bought a new position in BlackRock Capital Allocation Term Trust during the second quarter worth $2,967,000. Advisors Asset Management Inc. boosted its position in BlackRock Capital Allocation Term Trust by 9.1% during the first quarter. Advisors Asset Management Inc. now owns 189,291 shares of the company’s stock worth $3,154,000 after purchasing an additional 15,763 shares during the period. Alpine Global Management LLC boosted its position in BlackRock Capital Allocation Term Trust by 11.9% during the first quarter. Alpine Global Management LLC now owns 151,000 shares of the company’s stock worth $2,516,000 after purchasing an additional 16,000 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 4.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 133,238 shares of the company’s stock worth $2,186,000 after buying an additional 5,438 shares in the last quarter. 36.12% of the stock is owned by institutional investors.

BlackRock Capital Allocation Term Trust Company Profile

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