BlackRock Capital Allocation Term Trust (NYSE:BCAT) Stock Position Lessened by Mathes Company Inc.

Posted by Defense World Staff on Sep 19th, 2024

Mathes Company Inc. decreased its holdings in BlackRock Capital Allocation Term Trust (NYSE:BCAT – Free Report) by 2.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 91,000 shares of the company’s stock after selling 2,500 shares during the quarter. Mathes Company Inc. owned 0.08% of BlackRock Capital Allocation Term Trust worth $1,493,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of BCAT. UBS Group AG lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 8.2% in the fourth quarter. UBS Group AG now owns 1,543,167 shares of the company’s stock valued at $23,070,000 after buying an additional 116,638 shares during the period. Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the second quarter valued at $1,452,000. Stifel Financial Corp lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 30.3% in the fourth quarter. Stifel Financial Corp now owns 488,792 shares of the company’s stock valued at $7,307,000 after buying an additional 113,628 shares during the period. Private Advisor Group LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the fourth quarter valued at $177,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 18.6% in the first quarter. Oppenheimer & Co. Inc. now owns 29,180 shares of the company’s stock valued at $486,000 after buying an additional 4,586 shares during the period. Institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Stock Down 0.1 %

Shares of NYSE BCAT opened at $16.27 on Thursday. BlackRock Capital Allocation Term Trust has a 12 month low of $13.67 and a 12 month high of $17.18. The business has a fifty day simple moving average of $16.35 and a 200-day simple moving average of $16.19.

BlackRock Capital Allocation Term Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.2871 per share. This represents a $3.45 annualized dividend and a dividend yield of 21.18%. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, October 15th.