BlackRock Capital Allocation Term Trust (NYSE:BCAT) Reaches New 52-Week Low – Time to Sell?

Shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) reached a new 52-week low on Tuesday . The stock traded as low as $14.12 and last traded at $14.39, with a volume of 781283 shares trading hands. The stock had previously closed at $14.35.

BlackRock Capital Allocation Term Trust Trading Up 0.5 %

The business’s 50-day moving average price is $15.19 and its 200-day moving average price is $15.72.

BlackRock Capital Allocation Term Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.2872 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. This represents a $3.45 dividend on an annualized basis and a yield of 23.56%.

Institutional Investors Weigh In On BlackRock Capital Allocation Term Trust

Several hedge funds have recently made changes to their positions in BCAT. CF Capital LLC purchased a new stake in BlackRock Capital Allocation Term Trust during the 4th quarter valued at approximately $7,501,000. Cohen & Steers Inc. increased its holdings in shares of BlackRock Capital Allocation Term Trust by 30.0% in 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 during the period. Raymond James Financial Inc. acquired a new position in shares of BlackRock Capital Allocation Term Trust in the fourth quarter valued at approximately $3,161,000. Bank of America Corp DE raised its stake in shares of 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 worth $17,930,000 after purchasing an additional 98,210 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the fourth quarter worth $1,249,000. Institutional investors and hedge funds own 36.12% of the company’s stock.

About BlackRock Capital Allocation Term Trust

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