36,623 Shares in BlackRock Capital Allocation Term Trust $BCAT Acquired by Closed End Fund Advisors Inc.

Closed End Fund Advisors Inc. acquired a new position in BlackRock Capital Allocation Term Trust (NYSE:BCAT) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 36,623 shares of the company’s stock, valued at approximately $519,000.

Several other institutional investors also recently modified their holdings of the stock. Lido Advisors LLC increased its position in shares of BlackRock Capital Allocation Term Trust by 1,243.1% in the fourth quarter. Lido Advisors LLC now owns 180,590 shares of the company’s stock worth $2,566,000 after purchasing an additional 167,144 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of BlackRock Capital Allocation Term Trust by 1,856.5% in the fourth quarter. Global Retirement Partners LLC now owns 8,687 shares of the company’s stock worth $123,000 after purchasing an additional 8,243 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of BlackRock Capital Allocation Term Trust in the fourth quarter worth approximately $2,565,000. Oppenheimer & Co. Inc. increased its position in shares of BlackRock Capital Allocation Term Trust by 8.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 50,916 shares of the company’s stock worth $721,000 after purchasing an additional 3,873 shares during the last quarter. Finally, N.E.W. Advisory Services LLC increased its position in shares of BlackRock Capital Allocation Term Trust by 100.0% in the fourth quarter. N.E.W. Advisory Services LLC now owns 2,400 shares of the company’s stock worth $34,000 after purchasing an additional 1,200 shares during the last quarter. 36.12% of the stock is currently owned by institutional investors.

BlackRock Capital Allocation Term Trust Stock Performance

BCAT stock opened at $15.49 on Friday. The company’s 50 day moving average is $15.10 and its 200 day moving average is $14.77. BlackRock Capital Allocation Term Trust has a 1-year low of $13.73 and a 1-year high of $15.98.

About BlackRock Capital Allocation Term Trust

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.