Truist Financial Corp Takes Position in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Truist Financial Corp acquired a new position in BlackRock Capital Allocation Term Trust (NYSE:BCAT) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 19,450 shares of the company’s stock, valued at approximately $319,000.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP lifted its position in BlackRock Capital Allocation Term Trust by 68.4% in the 2nd quarter. Quarry LP now owns 69,034 shares of the company’s stock worth $1,133,000 after buying an additional 28,045 shares in the last quarter. Almitas Capital LLC acquired a new stake in BlackRock Capital Allocation Term Trust during the second quarter valued at $728,000. Prevail Innovative Wealth Advisors LLC acquired a new stake in BlackRock Capital Allocation Term Trust during the second quarter valued at $1,452,000. Blue Bell Private Wealth Management LLC grew its stake 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, Cambridge Investment Research Advisors Inc. grew its stake 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. 36.12% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Stock Up 0.5 %

BCAT opened at $16.31 on Friday. BlackRock Capital Allocation Term Trust has a fifty-two week low of $13.67 and a fifty-two week high of $17.18. The business has a 50-day moving average of $16.37 and a 200-day moving average of $16.25.

BlackRock Capital Allocation Term Trust Increases Dividend

The business 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. The ex-dividend date is Tuesday, October 15th. This represents a $3.45 dividend on an annualized basis and a yield of 21.13%. This is a boost from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

Insider Buying and Selling at BlackRock Capital Allocation Term Trust

In other news, major shareholder Saba Capital Management, L.P. sold 15,894 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $16.41, for a total value of $260,820.54. Following the completion of the sale, the insider now directly owns 16,317,706 shares in the company, valued at approximately $267,773,555.46. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 656,472 shares of company stock worth $10,825,615 over the last 90 days.

BlackRock Capital Allocation Term Trust Company Profile

–