Perennial Investment Advisors LLC Purchases Shares of 114,613 BlackRock Capital Allocation Term Trust $BCAT

Perennial Investment Advisors LLC acquired a new stake in BlackRock Capital Allocation Term Trust (NYSE:BCAT) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 114,613 shares of the company’s stock, valued at approximately $1,826,000. Perennial Investment Advisors LLC owned approximately 0.11% of BlackRock Capital Allocation Term Trust as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bank of America Corp DE bought a new position in shares of BlackRock Capital Allocation Term Trust during the 2nd quarter worth approximately $24,720,000. Elevation Point Wealth Partners LLC acquired a new position in BlackRock Capital Allocation Term Trust during the second quarter worth $571,000. Evolve Private Wealth LLC bought a new position in shares of BlackRock Capital Allocation Term Trust during the second quarter valued at $814,000. Keebeck Wealth Management acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the 2nd quarter valued at $5,607,000. Finally, OneAscent Family Office LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust in the 2nd quarter worth about $498,000. Institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Stock Down 0.4%

BCAT opened at $15.81 on Thursday. The firm’s 50-day simple moving average is $15.80 and its 200-day simple moving average is $15.34. BlackRock Capital Allocation Term Trust has a twelve month low of $13.73 and a twelve month high of $16.20.

BlackRock Capital Allocation Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.2542 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 19.3%.

BlackRock Capital Allocation Term Trust 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.