50,728 Shares in BlackRock Capital Allocation Term Trust $BCAT Acquired by PFG Investments LLC

PFG Investments LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 50,728 shares of the company’s stock, valued at approximately $750,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its holdings in shares of BlackRock Capital Allocation Term Trust by 53.8% in the third quarter. AdvisorNet Financial Inc now owns 2,995 shares of the company’s stock valued at $44,000 after purchasing an additional 1,048 shares during the last quarter. Joseph P. Lucia & Associates LLC boosted its holdings in shares of BlackRock Capital Allocation Term Trust by 4.6% during the 3rd quarter. Joseph P. Lucia & Associates LLC now owns 34,579 shares of the company’s stock worth $511,000 after buying an additional 1,513 shares during the period. Amplius Wealth Advisors LLC grew its stake in BlackRock Capital Allocation Term Trust by 5.4% in the 2nd quarter. Amplius Wealth Advisors LLC now owns 30,576 shares of the company’s stock valued at $463,000 after buying an additional 1,571 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in BlackRock Capital Allocation Term Trust by 341.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,045 shares of the company’s stock valued at $31,000 after acquiring an additional 1,582 shares during the period. Finally, Red Tortoise LLC bought a new position in BlackRock Capital Allocation Term Trust in the 2nd quarter valued at about $33,000. 36.12% of the stock is owned by institutional investors.

BlackRock Capital Allocation Term Trust Stock Performance

Shares of BCAT stock opened at $14.67 on Tuesday. BlackRock Capital Allocation Term Trust has a 12-month low of $12.91 and a 12-month high of $15.91. The firm has a 50 day moving average price of $14.37 and a two-hundred day moving average price of $14.66.

BlackRock Capital Allocation Term Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.2607 per share. This represents a c) annualized dividend and a yield of 21.3%. The ex-dividend date of this dividend is Friday, March 13th.

BlackRock Capital Allocation Term Trust Company Profile

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.