BlackRock Capital Allocation Term Trust (NYSE:BCAT) Shares Sold by Blue Bell Private Wealth Management LLC

Blue Bell Private Wealth Management LLC cut its stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 71.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,301 shares of the company’s stock after selling 30,085 shares during the quarter. Blue Bell Private Wealth Management LLC’s holdings in BlackRock Capital Allocation Term Trust were worth $186,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Penserra Capital Management LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust during the third quarter worth about $15,901,000. Raymond James Financial Inc. purchased a new stake in BlackRock Capital Allocation Term Trust during the fourth quarter worth approximately $3,161,000. Mathes Company Inc. lifted its stake in BlackRock Capital Allocation Term Trust by 13.8% during the fourth quarter. Mathes Company Inc. now owns 109,800 shares of the company’s stock worth $1,663,000 after purchasing an additional 13,300 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in BlackRock Capital Allocation Term Trust during the fourth quarter worth approximately $1,249,000. Finally, Oppenheimer & Co. Inc. lifted its stake in BlackRock Capital Allocation Term Trust by 10.9% during the third quarter. Oppenheimer & Co. Inc. now owns 57,248 shares of the company’s stock worth $942,000 after purchasing an additional 5,618 shares during the last quarter. 36.12% of the stock is owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Stock Performance

BCAT stock opened at $15.17 on Friday. The business has a 50 day moving average price of $15.47 and a 200 day moving average price of $15.96. BlackRock Capital Allocation Term Trust has a fifty-two week low of $15.00 and a fifty-two 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 Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.2872 per share. This is a boost from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. The ex-dividend date is Friday, March 14th. This represents a $3.45 annualized dividend and a yield of 22.72%.

BlackRock Capital Allocation Term Trust Company Profile

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