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

Shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $13.43 and last traded at $13.6540, with a volume of 1172905 shares. The stock had previously closed at $13.56.

BlackRock Capital Allocation Term Trust Price Performance

The company has a 50-day moving average price of $15.32 and a 200 day moving average price of $15.31.

BlackRock Capital Allocation Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a dividend of $0.2501 per share. This represents a $3.00 annualized dividend and a yield of 22.0%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. McIlrath & Eck LLC lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 169.6% in the first quarter. McIlrath & Eck LLC now owns 3,130 shares of the company’s stock worth $44,000 after buying an additional 1,969 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the 2nd quarter worth $115,000. BlackRock Inc. purchased a new stake in BlackRock Capital Allocation Term Trust in the 2nd quarter worth $152,000. Fifth Third Bancorp bought a new position in shares of BlackRock Capital Allocation Term Trust during the 1st quarter valued at about $137,000. Finally, Sovran Advisors LLC bought a new position in shares of BlackRock Capital Allocation Term Trust during the 1st quarter valued at about $201,000. 36.12% of the stock is currently owned by institutional investors.

BlackRock Capital Allocation Term Trust Company Profile

BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a diversified, closed-end management investment company advised by BlackRock Advisors, LLC. The fund seeks to provide total return through a flexible allocation between equity and fixed-income investments.

BCAT invests in securities issued by companies and governments in the United States and other countries. Its portfolio may include common and preferred stocks, corporate and government bonds, bank loans, mortgage- and asset-backed securities, convertible securities, and other income-producing or structured investments.