Transcend Capital Advisors LLC Sells 29,339 Shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Transcend Capital Advisors LLC trimmed its holdings in BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 44.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,954 shares of the company’s stock after selling 29,339 shares during the quarter. Transcend Capital Advisors LLC’s holdings in BlackRock Capital Allocation Term Trust were worth $545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB bought a new position in shares of BlackRock Capital Allocation Term Trust in the 4th quarter worth about $112,000. Ashton Thomas Securities LLC bought a new position in shares of BlackRock Capital Allocation Term Trust in the 3rd quarter worth about $156,000. Private Advisor Group LLC bought a new position in shares of BlackRock Capital Allocation Term Trust in the 4th quarter worth about $158,000. Walleye Capital LLC bought a new position in shares of BlackRock Capital Allocation Term Trust in the 3rd quarter worth about $234,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of BlackRock Capital Allocation Term Trust in the 3rd quarter worth about $238,000. 36.12% of the stock is currently owned by institutional investors.

BlackRock Capital Allocation Term Trust Stock Performance

NYSE:BCAT opened at $15.37 on Friday. BlackRock Capital Allocation Term Trust has a fifty-two week low of $15.00 and a fifty-two week high of $17.18. The firm has a 50-day simple moving average of $15.51 and a two-hundred day simple moving average of $16.00.

BlackRock Capital Allocation Term Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders 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 yield of 22.51%. The ex-dividend date of this dividend is Friday, February 14th.

About BlackRock Capital Allocation Term Trust

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