NBC Securities Inc. Reduces Stake in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

NBC Securities Inc. cut its stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 35.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,179 shares of the company’s stock after selling 1,778 shares during the period. NBC Securities Inc.’s holdings in BlackRock Capital Allocation Term Trust were worth $52,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BCAT. Sanctuary Advisors LLC bought a new position in shares of BlackRock Capital Allocation Term Trust during the 2nd quarter valued at approximately $2,967,000. Prevail Innovative Wealth Advisors LLC bought a new position in BlackRock Capital Allocation Term Trust during the second quarter valued at $1,452,000. Almitas Capital LLC bought a new position in BlackRock Capital Allocation Term Trust during the second quarter valued at $728,000. Quarry LP raised its stake in shares of BlackRock Capital Allocation Term Trust by 68.4% in the second quarter. Quarry LP now owns 69,034 shares of the company’s stock valued at $1,133,000 after acquiring an additional 28,045 shares during the period. Finally, Truist Financial Corp bought a new stake in shares of BlackRock Capital Allocation Term Trust in the 2nd quarter worth about $319,000. 36.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. sold 166,128 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $16.60, for a total transaction of $2,757,724.80. Following the completion of the transaction, the insider now owns 15,096,159 shares in the company, valued at $250,596,239.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 656,472 shares of company stock valued at $10,825,615.

BlackRock Capital Allocation Term Trust Stock Up 0.4 %

BCAT stock opened at $16.29 on Monday. BlackRock Capital Allocation Term Trust has a 12 month low of $13.67 and a 12 month high of $17.18. The company has a 50-day moving average price of $16.37 and a 200 day moving average price of $16.25.

BlackRock Capital Allocation Term Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.2871 per share. This represents a $3.45 annualized dividend and a dividend yield of 21.15%. The ex-dividend date of this dividend is Tuesday, October 15th. This is a positive change from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

About BlackRock Capital Allocation Term Trust

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