Keebeck Wealth Management Purchases Shares of 351,976 BlackRock Capital Allocation Term Trust $BCAT

Keebeck Wealth Management acquired a new position in BlackRock Capital Allocation Term Trust (NYSE:BCAT) in the 2nd quarter, HoldingsChannel reports. The firm acquired 351,976 shares of the company’s stock, valued at approximately $5,607,000. BlackRock Capital Allocation Term Trust accounts for about 0.5% of Keebeck Wealth Management’s holdings, making the stock its 29th biggest position.

A number of other large investors also recently modified their holdings of BCAT. Geneos Wealth Management Inc. boosted its position in shares of BlackRock Capital Allocation Term Trust by 341.7% during the second quarter. Geneos Wealth Management Inc. now owns 2,045 shares of the company’s stock valued at $31,000 after buying an additional 1,582 shares during the last quarter. N.E.W. Advisory Services LLC grew its holdings in BlackRock Capital Allocation Term Trust by 100.0% during the fourth quarter. N.E.W. Advisory Services LLC now owns 2,400 shares of the company’s stock worth $34,000 after buying an additional 1,200 shares in the last quarter. McIlrath & Eck LLC grew its holdings in BlackRock Capital Allocation Term Trust by 169.6% during the first quarter. McIlrath & Eck LLC now owns 3,130 shares of the company’s stock worth $44,000 after buying an additional 1,969 shares in the last quarter. Parallel Advisors LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the 3rd quarter valued at $47,000. Finally, Brown Brothers Harriman & Co. raised its position in BlackRock Capital Allocation Term Trust by 450.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 5,500 shares of the company’s stock valued at $81,000 after buying an additional 4,500 shares during the last quarter. Institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Price Performance

BCAT opened at $15.89 on Friday. BlackRock Capital Allocation Term Trust has a fifty-two week low of $13.73 and a fifty-two week high of $16.20. The company’s 50-day moving average is $15.79 and its 200 day moving average is $15.31.

BlackRock Capital Allocation Term Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.2542 per share. This represents a c) dividend on an annualized basis and a yield of 19.2%. The ex-dividend date is Tuesday, September 15th.

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.