B. Riley Wealth Advisors Inc. Invests $238,000 in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Posted by Adam Masters on Dec 22nd, 2024

B. Riley Wealth Advisors Inc. acquired a new stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 14,485 shares of the company’s stock, valued at approximately $238,000.

Several other institutional investors also recently bought and sold shares of BCAT. Ashton Thomas Securities LLC bought a new position in BlackRock Capital Allocation Term Trust in the third quarter worth about $156,000. Walleye Capital LLC bought a new position in shares of BlackRock Capital Allocation Term Trust during the 3rd quarter worth approximately $234,000. Truist Financial Corp purchased a new stake in BlackRock Capital Allocation Term Trust during the second quarter valued at approximately $319,000. Prospera Financial Services Inc boosted its stake in BlackRock Capital Allocation Term Trust by 5.0% in the third quarter. Prospera Financial Services Inc now owns 23,693 shares of the company’s stock valued at $390,000 after acquiring an additional 1,137 shares in the last quarter. Finally, Thrivent Financial for Lutherans purchased a new position in BlackRock Capital Allocation Term Trust in the third quarter worth $398,000. 36.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BlackRock Capital Allocation Term Trust

In other BlackRock Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. sold 8,800 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $16.44, for a total value of $144,672.00. Following the completion of the transaction, the insider now owns 16,159,657 shares of the company’s stock, valued at approximately $265,664,761.08. This trade represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 693,060 shares of company stock worth $11,418,519.

BlackRock Capital Allocation Term Trust Trading Up 0.5 %

Shares of BCAT opened at $15.25 on Friday. BlackRock Capital Allocation Term Trust has a 12 month low of $14.76 and a 12 month high of $17.18. The stock has a fifty day moving average price of $16.10 and a 200-day moving average price of $16.29.

BlackRock Capital Allocation Term Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 16th will be issued a $0.2892 dividend. This represents a $3.47 annualized dividend and a yield of 22.76%. The ex-dividend date is Monday, December 16th. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.