BlackRock Capital Allocation Term Trust (NYSE:BCAT) Sets New 52-Week Low – Should You Sell?

BlackRock Capital Allocation Term Trust (NYSE:BCAT) hit a new 52-week low on Thursday . The company traded as low as $13.64 and last traded at $13.6450, with a volume of 603057 shares changing hands. The stock had previously closed at $13.95.

BlackRock Capital Allocation Term Trust Stock Performance

The business has a 50-day moving average price of $15.54 and a 200-day moving average price of $15.36.

BlackRock Capital Allocation Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a $0.2501 dividend. This represents a c) annualized dividend and a dividend yield of 21.9%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Trading of BlackRock Capital Allocation Term Trust

Hedge funds have recently bought and sold shares of the stock. McIlrath & Eck LLC raised its position in shares of BlackRock Capital Allocation Term Trust by 169.6% in the 1st quarter. McIlrath & Eck LLC now owns 3,130 shares of the company’s stock worth $44,000 after acquiring an additional 1,969 shares in the last quarter. Global Retirement Partners LLC purchased a new position in BlackRock Capital Allocation Term Trust in the second quarter valued at about $115,000. Fifth Third Bancorp purchased a new position in BlackRock Capital Allocation Term Trust in the first quarter valued at about $137,000. BlackRock Inc. bought a new position in BlackRock Capital Allocation Term Trust in the second quarter worth about $152,000. Finally, Sovran Advisors LLC bought a new position in BlackRock Capital Allocation Term Trust in the first quarter worth about $201,000. Hedge funds and other institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Company Profile

BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a diversified, closed-end management investment company advised by BlackRock Advisors, LLC. The fund seeks to provide total return through a combination of current income and capital appreciation.

BCAT invests across both equity and debt markets. Its portfolio may include common stocks, preferred securities, convertible securities, investment-grade and below-investment-grade corporate bonds, loans, and other fixed-income instruments.