BlackRock Capital Allocation Term Trust (NYSE:BCAT) Shares Bought by Prospera Financial Services Inc

Prospera Financial Services Inc grew its position in BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,693 shares of the company’s stock after purchasing an additional 1,137 shares during the period. Prospera Financial Services Inc’s holdings in BlackRock Capital Allocation Term Trust were worth $390,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans purchased a new position in BlackRock Capital Allocation Term Trust in the third quarter valued at approximately $398,000. Kovack Advisors Inc. purchased a new position in shares of BlackRock Capital Allocation Term Trust in the 3rd quarter valued at $421,000. Oppenheimer & Co. Inc. raised its stake in shares of BlackRock Capital Allocation Term Trust by 10.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 57,248 shares of the company’s stock valued at $942,000 after acquiring an additional 5,618 shares during the period. Fountainhead AM LLC lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 2.1% during the 3rd quarter. Fountainhead AM LLC now owns 53,570 shares of the company’s stock valued at $881,000 after acquiring an additional 1,095 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in BlackRock Capital Allocation Term Trust in the 3rd quarter valued at $156,000. Hedge funds and other institutional investors own 36.12% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. sold 28,670 shares of the stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $16.27, for a total transaction of $466,460.90. Following the transaction, the insider now owns 14,888,870 shares of the company’s stock, valued at approximately $242,241,914.90. This trade represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 723,927 shares of company stock worth $11,925,047.

BlackRock Capital Allocation Term Trust Trading Up 0.5 %

Shares of NYSE:BCAT opened at $16.11 on Monday. The business’s 50-day simple moving average is $16.24 and its 200 day simple moving average is $16.32. BlackRock Capital Allocation Term Trust has a one year low of $14.60 and a one year high of $17.18.

BlackRock Capital Allocation Term Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.2885 dividend. The ex-dividend date is Friday, November 15th. This represents a $3.46 dividend on an annualized basis and a yield of 21.49%. This is a positive change from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

BlackRock Capital Allocation Term Trust Company Profile

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