BlackRock Capital Allocation Term Trust (NYSE:BCAT) Shares Gap Down – Time to Sell?

Shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) gapped down before the market opened on Friday . The stock had previously closed at $15.91, but opened at $15.10. BlackRock Capital Allocation Term Trust shares last traded at $14.4270, with a volume of 1,106,940 shares.

BlackRock Capital Allocation Term Trust Price Performance

The stock has a fifty day moving average of $15.83 and a two-hundred day moving average of $15.42.

BlackRock Capital Allocation Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a $0.2501 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 20.5%. The ex-dividend date is Friday, December 11th.

Institutional Trading of BlackRock Capital Allocation Term Trust

A number of institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. increased its position in BlackRock Capital Allocation Term Trust by 341.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,045 shares of the company’s stock worth $31,000 after purchasing an additional 1,582 shares in the last quarter. McIlrath & Eck LLC lifted its position 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 valued at $44,000 after buying an additional 1,969 shares in the last quarter. Parallel Advisors LLC acquired a new position in BlackRock Capital Allocation Term Trust during the third quarter valued at approximately $47,000. Brown Brothers Harriman & Co. grew its stake in BlackRock Capital Allocation Term Trust by 450.0% during the third quarter. Brown Brothers Harriman & Co. now owns 5,500 shares of the company’s stock worth $81,000 after buying an additional 4,500 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in BlackRock Capital Allocation Term Trust during the second quarter worth approximately $115,000. Hedge funds and other institutional investors own 36.12% of the company’s stock.

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.