Evolve Private Wealth LLC Invests $814,000 in BlackRock Capital Allocation Term Trust $BCAT

Evolve Private Wealth LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 51,089 shares of the company’s stock, valued at approximately $814,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Keebeck Wealth Management acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the 2nd quarter worth $5,607,000. OneAscent Family Office LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the second quarter valued at about $498,000. BlackRock Inc. acquired a new stake in BlackRock Capital Allocation Term Trust in the second quarter worth about $152,000. Joseph P. Lucia & Associates LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the second quarter worth about $534,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the second quarter worth about $115,000. Hedge funds and other institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Stock Down 0.1%

Shares of BlackRock Capital Allocation Term Trust stock opened at $15.89 on Monday. The company has a 50 day moving average price of $15.79 and a 200 day moving average price of $15.31. BlackRock Capital Allocation Term Trust has a 52 week low of $13.73 and a 52 week high of $16.20.

BlackRock Capital Allocation Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.2542 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 19.2%.

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.