Penserra Capital Management LLC Purchases 34,597 Shares of BlackRock Capital Allocation Term Trust $BCAT

Penserra Capital Management LLC boosted its position in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 3.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,171,108 shares of the company’s stock after purchasing an additional 34,597 shares during the period. Penserra Capital Management LLC’s holdings in BlackRock Capital Allocation Term Trust were worth $17,730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. AdvisorNet Financial Inc lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 83.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,947 shares of the company’s stock worth $29,000 after acquiring an additional 885 shares during the period. Red Tortoise LLC acquired a new position in BlackRock Capital Allocation Term Trust during the second quarter valued at approximately $33,000. Assetmark Inc. lifted its stake in BlackRock Capital Allocation Term Trust by 1,748.3% during the first quarter. Assetmark Inc. now owns 5,286 shares of the company’s stock worth $76,000 after purchasing an additional 5,000 shares during the last quarter. Comerica Bank boosted its holdings in shares of BlackRock Capital Allocation Term Trust by 6.7% in the 1st quarter. Comerica Bank now owns 10,805 shares of the company’s stock valued at $156,000 after purchasing an additional 679 shares in the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the 2nd quarter valued at $166,000. 36.12% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Price Performance

BlackRock Capital Allocation Term Trust stock opened at $14.49 on Friday. BlackRock Capital Allocation Term Trust has a 52 week low of $12.91 and a 52 week high of $16.54. The stock has a fifty day moving average of $14.78 and a 200-day moving average of $14.86.

BlackRock Capital Allocation Term Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.2649 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) annualized dividend and a yield of 21.9%.

About BlackRock Capital Allocation Term Trust

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