Walleye Capital LLC Makes New $234,000 Investment in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Walleye Capital LLC purchased a new position in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,237 shares of the company’s stock, valued at approximately $234,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of BCAT. Penserra Capital Management LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust during the third quarter worth about $15,901,000. Sanctuary Advisors LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust during the second quarter worth about $2,967,000. Cambridge Investment Research Advisors Inc. boosted its holdings in BlackRock Capital Allocation Term Trust by 4.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 133,238 shares of the company’s stock valued at $2,186,000 after purchasing an additional 5,438 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in BlackRock Capital Allocation Term Trust by 4.0% in the second quarter. Blue Bell Private Wealth Management LLC now owns 104,722 shares of the company’s stock valued at $1,718,000 after purchasing an additional 4,059 shares in the last quarter. Finally, Mathes Company Inc. boosted its holdings in BlackRock Capital Allocation Term Trust by 6.0% in the third quarter. Mathes Company Inc. now owns 96,500 shares of the company’s stock valued at $1,587,000 after purchasing an additional 5,500 shares in the last quarter. 36.12% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Capital Allocation Term Trust Stock Down 0.1 %

Shares of BCAT opened at $16.32 on Wednesday. The stock has a 50 day moving average price of $16.21 and a 200 day moving average price of $16.33. BlackRock Capital Allocation Term Trust has a 52-week low of $14.68 and a 52-week high of $17.18.

BlackRock Capital Allocation Term Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 16th will be paid a dividend of $0.2892 per share. This represents a $3.47 annualized dividend and a dividend yield of 21.26%. The ex-dividend date is Monday, December 16th. This is a boost from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. sold 14,973 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $16.41, for a total value of $245,706.93. Following the completion of the transaction, the insider now owns 16,302,733 shares in the company, valued at $267,527,848.53. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 723,927 shares of company stock worth $11,925,047.

BlackRock Capital Allocation Term Trust Company Profile

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