BlackRock Capital Allocation Term Trust (NYSE:BCAT – Get Free Report) announced a monthly dividend on Friday, June 5th. Investors of record on Friday, August 14th will be paid a dividend of 0.2542 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 19.0%. The ex-dividend date of this dividend is Friday, August 14th.
BlackRock Capital Allocation Term Trust Stock Performance
Shares of BlackRock Capital Allocation Term Trust stock opened at $16.09 on Wednesday. The business has a 50-day moving average of $15.77 and a two-hundred day moving average of $15.25. BlackRock Capital Allocation Term Trust has a 1 year low of $13.73 and a 1 year high of $16.20.
Institutional Investors Weigh In On BlackRock Capital Allocation Term Trust
A number of institutional investors and hedge funds have recently modified their holdings of the company. Keebeck Wealth Management bought a new position in BlackRock Capital Allocation Term Trust during the second quarter worth $5,607,000. OneAscent Family Office LLC bought a new position in shares of BlackRock Capital Allocation Term Trust in the second quarter valued at about $498,000. BlackRock Inc. bought a new position in shares of BlackRock Capital Allocation Term Trust in the second quarter valued at about $152,000. Joseph P. Lucia & Associates LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the 2nd quarter worth about $534,000. Finally, Global Retirement Partners LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust during the 2nd quarter worth about $115,000. 36.12% of the stock is owned by institutional investors.
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.
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