Cary Street Partners Financial LLC Acquires Shares of 12,299 BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Cary Street Partners Financial LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,299 shares of the company’s stock, valued at approximately $186,000.

Several other institutional investors and hedge funds also recently modified their holdings of BCAT. Ameriprise Financial Inc. raised its holdings in shares of BlackRock Capital Allocation Term Trust by 1.9% during the 4th quarter. Ameriprise Financial Inc. now owns 44,528 shares of the company’s stock valued at $675,000 after buying an additional 844 shares during the period. Janney Montgomery Scott LLC grew its position in BlackRock Capital Allocation Term Trust by 13.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 17,150 shares of the company’s stock valued at $260,000 after acquiring an additional 2,000 shares in the last quarter. Comerica Bank raised its stake in shares of BlackRock Capital Allocation Term Trust by 27.1% during 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. CIBC Private Wealth Group LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust during the fourth quarter worth $36,000. Finally, Anfield Capital Management LLC purchased a new position in shares of BlackRock Capital Allocation Term Trust in the fourth quarter valued at $56,000. Hedge funds and other institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Stock Up 0.4%

BCAT opened at $14.82 on Monday. BlackRock Capital Allocation Term Trust has a twelve month low of $12.91 and a twelve month high of $17.18. The company has a fifty day simple moving average of $14.38 and a 200 day simple moving average of $15.27.

BlackRock Capital Allocation Term Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.2813 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.38 annualized dividend and a dividend yield of 22.78%.

BlackRock Capital Allocation Term Trust Company Profile

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