Perennial Investment Advisors LLC Purchases Shares of 36,429 BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Posted by Joe Tyrrell on Apr 6th, 2025

Perennial Investment Advisors LLC acquired a new position in BlackRock Capital Allocation Term Trust (NYSE:BCAT – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 36,429 shares of the company’s stock, valued at approximately $552,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BCAT. Janney Montgomery Scott LLC grew its holdings in shares of BlackRock Capital Allocation Term Trust by 13.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 17,150 shares of the company’s stock worth $260,000 after acquiring an additional 2,000 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new stake in BlackRock Capital Allocation Term Trust during the 4th quarter worth about $36,000. Anfield Capital Management LLC purchased a new stake in BlackRock Capital Allocation Term Trust during the fourth quarter valued at about $56,000. Advisors Asset Management Inc. boosted its holdings in shares of BlackRock Capital Allocation Term Trust by 3.2% in the fourth quarter. Advisors Asset Management Inc. now owns 192,327 shares of the company’s stock worth $2,914,000 after buying an additional 6,025 shares during the period. Finally, MassMutual Private Wealth & Trust FSB purchased a new position in shares of BlackRock Capital Allocation Term Trust in the fourth quarter worth approximately $112,000. 36.12% of the stock is currently owned by institutional investors.

BlackRock Capital Allocation Term Trust Stock Performance

Shares of NYSE:BCAT opened at $13.66 on Friday. The firm has a 50 day simple moving average of $15.12 and a 200 day simple moving average of $15.69. BlackRock Capital Allocation Term Trust has a 52 week low of $13.62 and a 52 week high of $17.18.

BlackRock Capital Allocation Term Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $0.2848 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $3.42 annualized dividend and a dividend yield of 25.01%.