BlackRock Capital Allocation Term Trust (NYSE:BCAT) Trading Down 0.9% – Here’s What Happened

BlackRock Capital Allocation Term Trust (NYSE:BCAT) fell 0.9% on Friday . The company traded as low as $15.46 and last traded at $15.4870. 635,472 shares were traded during trading, a decline of 11% from the average session volume of 717,457 shares. The stock had previously closed at $15.62.

BlackRock Capital Allocation Term Trust Stock Performance

The business has a fifty day simple moving average of $15.10 and a two-hundred day simple moving average of $14.77.

Institutional Investors Weigh In On BlackRock Capital Allocation Term Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in shares of BlackRock Capital Allocation Term Trust by 401.7% in the first quarter. Royal Bank of Canada now owns 428,585 shares of the company’s stock valued at $6,172,000 after acquiring an additional 343,154 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of BlackRock Capital Allocation Term Trust by 35.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 34,000 shares of the company’s stock valued at $490,000 after acquiring an additional 8,950 shares during the last quarter. First Trust Advisors LP raised its position in shares of BlackRock Capital Allocation Term Trust by 6.4% during the 2nd quarter. First Trust Advisors LP now owns 98,136 shares of the company’s stock valued at $1,486,000 after acquiring an additional 5,946 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust during the 2nd quarter valued at $233,000. Finally, Quantinno Capital Management LP bought a new stake in shares of BlackRock Capital Allocation Term Trust during the 2nd quarter valued at $428,000. 36.12% of the stock is owned by institutional investors and hedge funds.

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.