33,547 Shares in BlackRock Capital Allocation Term Trust $BCAT Purchased by Joseph P. Lucia & Associates LLC

Joseph P. Lucia & Associates LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 33,547 shares of the company’s stock, valued at approximately $534,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BCAT. Royal Bank of Canada raised its position in shares of BlackRock Capital Allocation Term Trust by 401.7% in the 1st quarter. Royal Bank of Canada now owns 428,585 shares of the company’s stock valued at $6,172,000 after purchasing an additional 343,154 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of BlackRock Capital Allocation Term Trust by 35.7% during the first quarter. Integrated Wealth Concepts LLC now owns 34,000 shares of the company’s stock worth $490,000 after buying an additional 8,950 shares in the last quarter. First Trust Advisors LP grew its position in shares of BlackRock Capital Allocation Term Trust by 6.4% during the second quarter. First Trust Advisors LP now owns 98,136 shares of the company’s stock worth $1,486,000 after buying an additional 5,946 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust in the second quarter worth $233,000. Finally, Quantinno Capital Management LP bought a new stake in shares of BlackRock Capital Allocation Term Trust in the second quarter worth $428,000. 36.12% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Capital Allocation Term Trust Stock Down 0.6%

BCAT opened at $15.77 on Tuesday. BlackRock Capital Allocation Term Trust has a 12-month low of $13.73 and a 12-month high of $16.20. The firm’s fifty day moving average price is $15.79 and its 200 day moving average price is $15.28.

BlackRock Capital Allocation Term Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.2542 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 19.3%.

About BlackRock Capital Allocation Term Trust

BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a closed-end, diversified management investment company organized as a term trust. The fund’s primary objective is to deliver high current income and total return by investing across a broad range of credit and equity markets. BCAT seeks to achieve this objective through a portfolio of corporate debt securities, floating-rate loans, convertible securities, common and preferred equity, and asset-backed securities.

BCAT employs an actively managed, multi-sector credit approach that spans investment-grade and below-investment-grade bonds, senior secured loans and structured credit.