BlackRock Capital Allocation Term Trust (NYSE:BCAT) Reaches New 1-Year Low – Here’s Why

BlackRock Capital Allocation Term Trust (NYSE:BCAT)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $14.12 and last traded at $14.39, with a volume of 781283 shares traded. The stock had previously closed at $14.35.

BlackRock Capital Allocation Term Trust Stock Performance

The stock’s 50 day moving average is $15.23 and its two-hundred day moving average is $15.74.

BlackRock Capital Allocation Term Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.2872 dividend. This represents a $3.45 dividend on an annualized basis and a dividend yield of 23.96%. This is a positive change from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. The ex-dividend date of this dividend was Friday, March 14th.

Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust

A number of institutional investors and hedge funds have recently modified their holdings of BCAT. CF Capital LLC purchased a new stake in BlackRock Capital Allocation Term Trust during the 4th quarter worth about $7,501,000. Cohen & Steers Inc. raised its position in shares of BlackRock Capital Allocation Term Trust by 30.0% during the 4th quarter. Cohen & Steers Inc. now owns 943,751 shares of the company’s stock worth $14,298,000 after acquiring an additional 218,000 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the 4th quarter worth about $3,161,000. Bank of America Corp DE lifted its stake in BlackRock Capital Allocation Term Trust by 9.0% during the fourth quarter. Bank of America Corp DE now owns 1,183,518 shares of the company’s stock worth $17,930,000 after purchasing an additional 98,210 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in BlackRock Capital Allocation Term Trust in the fourth quarter valued at approximately $1,249,000. Institutional investors and hedge funds own 36.12% of the company’s stock.

About BlackRock Capital Allocation Term Trust

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