Valen Private Capital LLC Buys 41,495 Shares of BlackRock Capital Allocation Term Trust $BCAT

Valen Private Capital LLC acquired a new stake in BlackRock Capital Allocation Term Trust (NYSE:BCAT) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 41,495 shares of the company’s stock, valued at approximately $568,000.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE bought a new position in BlackRock Capital Allocation Term Trust in the 2nd quarter worth about $24,720,000. Keebeck Wealth Management bought a new position in shares of BlackRock Capital Allocation Term Trust in the second quarter worth approximately $5,607,000. Royal Bank of Canada increased its position in shares of BlackRock Capital Allocation Term Trust by 50.2% in the first quarter. Royal Bank of Canada now owns 570,035 shares of the company’s stock worth $8,055,000 after purchasing an additional 190,604 shares during the last quarter. Perennial Investment Advisors LLC bought a new position in shares of BlackRock Capital Allocation Term Trust in the second quarter worth approximately $1,826,000. Finally, Formidable Asset Management LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the first quarter valued at approximately $933,000. 36.12% of the stock is owned by hedge funds and other institutional investors.

BlackRock Capital Allocation Term Trust Price Performance

BCAT stock opened at $13.18 on Friday. BlackRock Capital Allocation Term Trust has a one year low of $12.91 and a one year high of $16.20. The firm has a 50 day simple moving average of $14.57 and a two-hundred day simple moving average of $15.20.

BlackRock Capital Allocation Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a dividend of $0.2501 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 22.8%. The ex-dividend date of this dividend is Friday, December 11th.

BlackRock Capital Allocation Term Trust Profile

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

BCAT invests across global equity and fixed-income markets, using a flexible asset-allocation strategy. Its portfolio may include common stocks, preferred securities, corporate and government bonds, mortgage- and asset-backed securities, convertible securities, and other income-producing investments.