Mathes Company Inc. Boosts Holdings in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Mathes Company Inc. boosted its position in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 13.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,800 shares of the company’s stock after buying an additional 13,300 shares during the quarter. Mathes Company Inc.’s holdings in BlackRock Capital Allocation Term Trust were worth $1,663,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of BCAT. Penserra Capital Management LLC purchased a new position in BlackRock Capital Allocation Term Trust during the third quarter worth $15,901,000. Kingswood Wealth Advisors LLC purchased a new position in BlackRock Capital Allocation Term Trust during the fourth quarter worth $594,000. Virtu Financial LLC purchased a new position in BlackRock Capital Allocation Term Trust during the third quarter worth $427,000. Kovack Advisors Inc. purchased a new position in BlackRock Capital Allocation Term Trust during the third quarter worth $421,000. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the third quarter valued at $398,000. 36.12% of the stock is owned by hedge funds and other institutional investors.

BlackRock Capital Allocation Term Trust Price Performance

Shares of BCAT opened at $15.57 on Monday. BlackRock Capital Allocation Term Trust has a 12-month low of $15.00 and a 12-month high of $17.18. The firm has a fifty day moving average price of $15.60 and a 200-day moving average price of $16.02.

BlackRock Capital Allocation Term Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.2882 per share. This is a positive change from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. This represents a $3.46 dividend on an annualized basis and a dividend yield of 22.22%. The ex-dividend date is Friday, February 14th.

About BlackRock Capital Allocation Term Trust

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