Jane Street Group LLC Reduces Position in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Jane Street Group LLC cut its holdings in BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 31.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,280 shares of the company’s stock after selling 8,293 shares during the quarter. Jane Street Group LLC’s holdings in BlackRock Capital Allocation Term Trust were worth $301,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Penserra Capital Management LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust during the 3rd quarter valued at $15,901,000. Walleye Capital LLC acquired a new position in BlackRock Capital Allocation Term Trust in the third quarter worth approximately $234,000. Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the second quarter valued at approximately $1,452,000. Almitas Capital LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the second quarter worth approximately $728,000. Finally, Prospera Financial Services Inc increased its holdings in BlackRock Capital Allocation Term Trust by 5.0% in the third quarter. Prospera Financial Services Inc now owns 23,693 shares of the company’s stock worth $390,000 after buying an additional 1,137 shares during the last quarter. 36.12% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Stock Up 0.7 %

Shares of NYSE:BCAT opened at $15.47 on Friday. The business has a 50-day moving average of $15.89 and a two-hundred day moving average of $16.19. BlackRock Capital Allocation Term Trust has a fifty-two week low of $14.81 and a fifty-two week high of $17.18.

BlackRock Capital Allocation Term Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $0.2891 dividend. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. This represents a $3.47 annualized dividend and a yield of 22.43%. The ex-dividend date is Wednesday, January 15th.

Insider Buying and Selling at BlackRock Capital Allocation Term Trust

In related news, major shareholder Saba Capital Management, L.P. sold 40,158 shares of BlackRock Capital Allocation Term Trust stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $16.27, for a total transaction of $653,370.66. Following the completion of the transaction, the insider now directly owns 14,969,295 shares of the company’s stock, valued at $243,550,429.65. This trade represents a 0.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 273,741 shares of company stock valued at $4,510,528 in the last ninety days.

BlackRock Capital Allocation Term Trust Profile

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