Transcend Capital Advisors LLC Sells 29,339 Shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Posted by on Feb 23rd, 2025

Transcend Capital Advisors LLC reduced its position in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT – Free Report) by 44.9% in the fourth quarter, Holdings Channel reports. The firm owned 35,954 shares of the company’s stock after selling 29,339 shares during the quarter. Transcend Capital Advisors LLC’s holdings in BlackRock Capital Allocation Term Trust were worth $545,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BCAT. Penserra Capital Management LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the 3rd quarter valued at about $15,901,000. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the 4th quarter valued at about $1,249,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the 4th quarter valued at about $594,000. Virtu Financial LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the 3rd quarter valued at about $427,000. Finally, Kovack Advisors Inc. purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the 3rd quarter valued at about $421,000. 36.12% of the stock is currently owned by institutional investors.

BlackRock Capital Allocation Term Trust Stock Down 0.7 %

Shares of NYSE BCAT opened at $15.37 on Friday. The firm’s 50-day moving average price is $15.51 and its 200-day moving average price is $16.00. BlackRock Capital Allocation Term Trust has a 52-week low of $15.00 and a 52-week high of $17.18.

BlackRock Capital Allocation Term Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.2882 dividend. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 22.51%.

BlackRock Capital Allocation Term Trust Company Profile

(Free Report)

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Institutional Ownership by Quarter for BlackRock Capital Allocation Term Trust (NYSE:BCAT)

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