Claro Advisors LLC Cuts Holdings in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Claro Advisors LLC lowered its stake in BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 35.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,205 shares of the company’s stock after selling 5,560 shares during the period. Claro Advisors LLC’s holdings in BlackRock Capital Allocation Term Trust were worth $168,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of BCAT. Ashton Thomas Securities LLC purchased a new position in BlackRock Capital Allocation Term Trust during the 3rd quarter valued at about $156,000. Truist Financial Corp purchased a new position in shares of BlackRock Capital Allocation Term Trust during the second quarter valued at approximately $319,000. Kovack Advisors Inc. purchased a new position in shares of BlackRock Capital Allocation Term Trust during the third quarter valued at approximately $421,000. Almitas Capital LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the second quarter worth $728,000. Finally, Fountainhead AM LLC boosted its holdings in BlackRock Capital Allocation Term Trust by 2.1% in the third 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. 36.12% of the stock is owned by hedge funds and other institutional investors.

BlackRock Capital Allocation Term Trust Stock Performance

Shares of NYSE BCAT opened at $16.01 on Wednesday. The firm has a fifty day simple moving average of $16.27 and a two-hundred day simple moving average of $16.32. BlackRock Capital Allocation Term Trust has a 12 month low of $14.60 and a 12 month high of $17.18.

BlackRock Capital Allocation Term Trust Increases Dividend

The business 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 of this dividend is Friday, November 15th. This is a positive change from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. This represents a $3.46 annualized dividend and a yield of 21.63%.

Insider Buying and Selling at BlackRock Capital Allocation Term Trust

In other BlackRock Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. sold 166,128 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $16.60, for a total value of $2,757,724.80. Following the completion of the transaction, the insider now owns 15,096,159 shares in the company, valued at approximately $250,596,239.40. This represents a 1.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 723,927 shares of company stock valued at $11,925,047.

BlackRock Capital Allocation Term Trust Company Profile

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