BlackRock Capital Allocation Term Trust (NYSE:BCAT) Sets New 52-Week Low – Here’s Why

BlackRock Capital Allocation Term Trust (NYSE:BCAT)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $14.62 and last traded at $14.62, with a volume of 240692 shares. The stock had previously closed at $14.82.

BlackRock Capital Allocation Term Trust Stock Up 0.4 %

The company has a fifty day moving average of $15.40 and a 200 day moving average of $15.86.

BlackRock Capital Allocation Term Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.2872 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.45 annualized dividend and a dividend yield of 23.62%. This is a positive change from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

Institutional Trading of BlackRock Capital Allocation Term Trust

Several large investors have recently modified their holdings of BCAT. Penserra Capital Management LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust in the third quarter worth $15,901,000. CF Capital LLC purchased a new position in BlackRock Capital Allocation Term Trust during the fourth quarter valued at $7,501,000. Cohen & Steers Inc. lifted its position in BlackRock Capital Allocation Term Trust by 30.0% during the fourth quarter. Cohen & Steers Inc. now owns 943,751 shares of the company’s stock valued at $14,298,000 after purchasing an additional 218,000 shares in the last quarter. Raymond James Financial Inc. purchased a new position in BlackRock Capital Allocation Term Trust during the fourth quarter valued at $3,161,000. Finally, Bank of America Corp DE lifted its position in BlackRock Capital Allocation Term Trust by 9.0% during the fourth quarter. Bank of America Corp DE now owns 1,183,518 shares of the company’s stock valued at $17,930,000 after purchasing an additional 98,210 shares in the last quarter. Institutional investors own 36.12% of the company’s stock.

About BlackRock Capital Allocation Term Trust

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