BlackRock Capital Allocation Term Trust (NYSE:BCAT) Sees Unusually-High Trading Volume

Posted by on Jul 5th, 2024

Shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT – Get Free Report) saw strong trading volume on Friday . 244,753 shares changed hands during trading, a decline of 27% from the previous session’s volume of 333,555 shares.The stock last traded at $16.66 and had previously closed at $16.60.

BlackRock Capital Allocation Term Trust Trading Up 1.4 %

The stock’s fifty day simple moving average is $16.25 and its two-hundred day simple moving average is $15.76.

BlackRock Capital Allocation Term Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be issued a dividend of $0.2865 per share. This represents a $3.44 dividend on an annualized basis and a yield of 20.42%. This is a positive change from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Monday, July 15th.

Institutional Investors Weigh In On BlackRock Capital Allocation Term Trust

Institutional investors have recently modified their holdings of the company. Sugarloaf Wealth Management LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust in the 4th quarter valued at $25,000. Bfsg LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust in the 4th quarter valued at $41,000. CWM LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust in the 4th quarter valued at $62,000. Private Advisor Group LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust in the 4th quarter valued at $177,000. Finally, Claro Advisors LLC boosted its stake in shares of BlackRock Capital Allocation Term Trust by 9.9% in the 4th quarter. Claro Advisors LLC now owns 17,736 shares of the company’s stock valued at $265,000 after purchasing an additional 1,603 shares during the last quarter. 36.12% of the stock is owned by institutional investors.

About BlackRock Capital Allocation Term Trust

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