BlackRock Capital Allocation Term Trust (NYSE:BCAT) Sees Strong Trading Volume – Here’s What Happened

BlackRock Capital Allocation Term Trust (NYSE:BCAT) shares saw unusually-high trading volume on Monday . Approximately 405,128 shares changed hands during mid-day trading, a decline of 0% from the previous session’s volume of 407,142 shares.The stock last traded at $14.27 and had previously closed at $14.35.

BlackRock Capital Allocation Term Trust Price Performance

The stock has a 50-day moving average price of $15.26 and a 200 day moving average price of $15.76.

BlackRock Capital Allocation Term Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.2872 per share. This represents a $3.45 annualized dividend and a yield of 24.12%. 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, March 14th.

Institutional Trading of BlackRock Capital Allocation Term Trust

Large investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC purchased a new position in shares of BlackRock Capital Allocation Term Trust during the 4th quarter worth $36,000. Anfield Capital Management LLC purchased a new position in BlackRock Capital Allocation Term Trust in the fourth quarter worth approximately $56,000. MassMutual Private Wealth & Trust FSB acquired a new stake in BlackRock Capital Allocation Term Trust during the fourth quarter worth $112,000. Comerica Bank raised its position in BlackRock Capital Allocation Term Trust by 27.1% in the fourth quarter. Comerica Bank now owns 10,126 shares of the company’s stock valued at $153,000 after purchasing an additional 2,157 shares during the period. Finally, Cutter & CO Brokerage Inc. purchased a new position in shares of BlackRock Capital Allocation Term Trust during the 4th quarter worth $158,000. Hedge funds and other institutional investors own 36.12% of the company’s stock.

About BlackRock Capital Allocation Term Trust

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