BlackRock Capital Allocation Term Trust (NYSE:BCAT – Get Free Report) major shareholder Saba Capital Management, L.P. sold 28,670 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $16.27, for a total transaction of $466,460.90. Following the completion of the transaction, the insider now directly owns 14,888,870 shares in the company, valued at $242,241,914.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Friday, October 18th, Saba Capital Management, L.P. sold 38,785 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.32, for a total transaction of $632,971.20.
- On Wednesday, October 16th, Saba Capital Management, L.P. sold 40,158 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.27, for a total transaction of $653,370.66.
- On Monday, October 14th, Saba Capital Management, L.P. sold 166,128 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.60, for a total value of $2,757,724.80.
- On Friday, October 11th, Saba Capital Management, L.P. sold 65,953 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.51, for a total value of $1,088,884.03.
- On Wednesday, October 9th, Saba Capital Management, L.P. sold 72,094 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.45, for a total value of $1,185,946.30.
- On Monday, October 7th, Saba Capital Management, L.P. sold 66,481 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.48, for a total value of $1,095,606.88.
- On Friday, October 4th, Saba Capital Management, L.P. sold 52,067 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.47, for a total transaction of $857,543.49.
- On Wednesday, October 2nd, Saba Capital Management, L.P. sold 75,831 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.48, for a total transaction of $1,249,694.88.
- On Monday, September 30th, Saba Capital Management, L.P. sold 44,884 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.48, for a total transaction of $739,688.32.
- On Wednesday, September 25th, Saba Capital Management, L.P. sold 8,800 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.44, for a total transaction of $144,672.00.
BlackRock Capital Allocation Term Trust Stock Down 0.6 %
Shares of BlackRock Capital Allocation Term Trust stock opened at $16.10 on Thursday. The stock’s fifty day simple moving average is $16.37 and its 200 day simple moving average is $16.25. BlackRock Capital Allocation Term Trust has a 12 month low of $13.70 and a 12 month high of $17.18.
BlackRock Capital Allocation Term Trust Increases Dividend
Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust
Several institutional investors have recently modified their holdings of BCAT. Prevail Innovative Wealth Advisors LLC acquired a new stake in BlackRock Capital Allocation Term Trust during the 2nd quarter worth approximately $1,452,000. Almitas Capital LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the second quarter worth $728,000. Oppenheimer & Co. Inc. lifted its position in BlackRock Capital Allocation Term Trust by 18.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 29,180 shares of the company’s stock valued at $486,000 after acquiring an additional 4,586 shares in the last quarter. Quarry LP boosted its stake in BlackRock Capital Allocation Term Trust by 68.4% in the 2nd quarter. Quarry LP now owns 69,034 shares of the company’s stock worth $1,133,000 after purchasing an additional 28,045 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in BlackRock Capital Allocation Term Trust by 4.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 133,238 shares of the company’s stock worth $2,186,000 after purchasing an additional 5,438 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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