Shaker Financial Services LLC Makes New Investment in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Shaker Financial Services LLC purchased a new stake in BlackRock Capital Allocation Term Trust (NYSE:BCAT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 25,517 shares of the company’s stock, valued at approximately $387,000.

Several other hedge funds have also recently modified their holdings of the business. Invesco Ltd. lifted its holdings in BlackRock Capital Allocation Term Trust by 3.5% during the fourth quarter. Invesco Ltd. now owns 1,311,945 shares of the company’s stock worth $19,876,000 after buying an additional 44,088 shares during the period. Cohen & Steers Inc. boosted its position in BlackRock Capital Allocation Term Trust by 30.0% during the fourth quarter. Cohen & Steers Inc. now owns 943,751 shares of the company’s stock valued at $14,298,000 after purchasing an additional 218,000 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in BlackRock Capital Allocation Term Trust by 6.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 483,195 shares of the company’s stock valued at $7,320,000 after purchasing an additional 29,826 shares during the last quarter. Raymond James Financial Inc. bought a new position in BlackRock Capital Allocation Term Trust in the fourth quarter worth about $3,161,000. Finally, Advisors Asset Management Inc. lifted its position in shares of BlackRock Capital Allocation Term Trust by 3.2% during the fourth quarter. Advisors Asset Management Inc. now owns 192,327 shares of the company’s stock valued at $2,914,000 after buying an additional 6,025 shares during the last quarter. Hedge funds and other institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Stock Performance

NYSE:BCAT opened at $13.58 on Tuesday. The company’s 50-day simple moving average is $14.65 and its 200-day simple moving average is $15.45. BlackRock Capital Allocation Term Trust has a fifty-two week low of $12.91 and a fifty-two week high of $17.18.

BlackRock Capital Allocation Term Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a $0.2848 dividend. This represents a $3.42 annualized dividend and a yield of 25.16%. The ex-dividend date of this dividend is Tuesday, April 15th.

BlackRock Capital Allocation Term Trust Profile

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