Cwm LLC Takes Position in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Cwm LLC acquired a new stake in BlackRock Capital Allocation Term Trust (NYSE:BCAT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,155 shares of the company’s stock, valued at approximately $62,000.

Several other large investors also recently modified their holdings of BCAT. Saba Capital Management L.P. boosted its holdings in shares of BlackRock Capital Allocation Term Trust by 17.2% in the 3rd quarter. Saba Capital Management L.P. now owns 10,259,217 shares of the company’s stock worth $148,656,000 after acquiring an additional 1,507,756 shares in the last quarter. Advisor Resource Council acquired a new position in shares of BlackRock Capital Allocation Term Trust in the 4th quarter worth approximately $1,564,000. Stifel Financial Corp boosted its holdings in shares of BlackRock Capital Allocation Term Trust by 19.3% in the 3rd quarter. Stifel Financial Corp now owns 375,164 shares of the company’s stock worth $5,436,000 after acquiring an additional 60,806 shares in the last quarter. Fountainhead AM LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust in the 3rd quarter worth approximately $476,000. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in shares of BlackRock Capital Allocation Term Trust by 367.8% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 28,065 shares of the company’s stock worth $420,000 after acquiring an additional 22,065 shares in the last quarter. 36.12% of the stock is currently owned by institutional investors.

BlackRock Capital Allocation Term Trust Stock Up 0.2 %

NYSE:BCAT opened at $16.07 on Thursday. The stock’s fifty day moving average price is $15.82 and its two-hundred day moving average price is $15.25. BlackRock Capital Allocation Term Trust has a 52-week low of $13.67 and a 52-week high of $16.82.

BlackRock Capital Allocation Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.127 per share. This represents a $1.52 annualized dividend and a yield of 9.48%. The ex-dividend date is Tuesday, May 14th.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. acquired 21,342 shares of BlackRock Capital Allocation Term Trust stock in a transaction on Thursday, February 15th. The shares were purchased at an average price of $15.55 per share, with a total value of $331,868.10. Following the acquisition, the insider now owns 14,641,626 shares in the company, valued at $227,677,284.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last quarter, insiders have bought 1,514,751 shares of company stock valued at $23,787,926.

BlackRock Capital Allocation Term Trust Profile

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