BlackRock Capital Allocation Term Trust (NYSE:BCAT) Sets New 52-Week High – Here’s What Happened

BlackRock Capital Allocation Term Trust (NYSE:BCAT) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $15.71 and last traded at $15.5950, with a volume of 765581 shares traded. The stock had previously closed at $15.52.

BlackRock Capital Allocation Term Trust Trading Up 0.5%

The business’s fifty day simple moving average is $14.81 and its 200 day simple moving average is $14.63.

BlackRock Capital Allocation Term Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.2579 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 19.8%.

Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in shares of BlackRock Capital Allocation Term Trust by 4.7% in the 3rd quarter. NewEdge Advisors LLC now owns 16,100 shares of the company’s stock valued at $238,000 after buying an additional 724 shares during the period. Winebrenner Capital Management LLC grew its holdings in shares of BlackRock Capital Allocation Term Trust by 2.2% in the 3rd quarter. Winebrenner Capital Management LLC now owns 46,000 shares of the company’s stock valued at $680,000 after buying an additional 1,000 shares during the period. N.E.W. Advisory Services LLC grew its holdings in shares of BlackRock Capital Allocation Term Trust by 100.0% in the 4th quarter. N.E.W. Advisory Services LLC now owns 2,400 shares of the company’s stock valued at $34,000 after buying an additional 1,200 shares during the period. Perennial Investment Advisors LLC grew its holdings in shares of BlackRock Capital Allocation Term Trust by 2.3% in the 3rd quarter. Perennial Investment Advisors LLC now owns 54,867 shares of the company’s stock valued at $811,000 after buying an additional 1,211 shares during the period. Finally, Walkner Condon Financial Advisors LLC grew its holdings in shares of BlackRock Capital Allocation Term Trust by 8.6% in the 1st quarter. Walkner Condon Financial Advisors LLC now owns 17,613 shares of the company’s stock valued at $249,000 after buying an additional 1,400 shares during the period. Institutional investors and hedge funds own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Company Profile

BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a closed-end, diversified management investment company organized as a term trust. The fund’s primary objective is to deliver high current income and total return by investing across a broad range of credit and equity markets. BCAT seeks to achieve this objective through a portfolio of corporate debt securities, floating-rate loans, convertible securities, common and preferred equity, and asset-backed securities.

BCAT employs an actively managed, multi-sector credit approach that spans investment-grade and below-investment-grade bonds, senior secured loans and structured credit.