Raymond James Financial Inc. Acquires New Stake in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Raymond James Financial Inc. bought a new position in BlackRock Capital Allocation Term Trust (NYSE:BCAT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 208,631 shares of the company’s stock, valued at approximately $3,161,000. Raymond James Financial Inc. owned 0.19% of BlackRock Capital Allocation Term Trust as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Mathes Company Inc. raised its stake in shares of BlackRock Capital Allocation Term Trust by 13.8% during the 4th quarter. Mathes Company Inc. now owns 109,800 shares of the company’s stock worth $1,663,000 after acquiring an additional 13,300 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the 4th quarter worth approximately $1,249,000. Winebrenner Capital Management LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust in the 4th quarter valued at $682,000. Kingswood Wealth Advisors LLC purchased a new stake in BlackRock Capital Allocation Term Trust during the fourth quarter worth $594,000. Finally, Virtu Financial LLC acquired a new stake in BlackRock Capital Allocation Term Trust during the third quarter valued at $427,000. 36.12% of the stock is owned by hedge funds and other institutional investors.

BlackRock Capital Allocation Term Trust Stock Down 0.2 %

BCAT opened at $14.44 on Friday. The company has a fifty day moving average of $15.28 and a two-hundred day moving average of $15.79. BlackRock Capital Allocation Term Trust has a fifty-two week low of $14.43 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 Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.2872 dividend. This represents a $3.45 annualized dividend and a dividend yield of 23.87%. The ex-dividend date is Friday, March 14th. This is a positive change from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

BlackRock Capital Allocation Term Trust Profile

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