BlackRock Capital Allocation Term Trust (NYSE:BCAT) Reaches New 12-Month Low – Here’s Why

BlackRock Capital Allocation Term Trust (NYSE:BCAT)’s stock price reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $13.64 and last traded at $13.6450, with a volume of 603057 shares trading hands. The stock had previously closed at $13.95.

BlackRock Capital Allocation Term Trust Price Performance

The stock has a 50-day moving average price of $15.47 and a 200-day moving average price of $15.34.

BlackRock Capital Allocation Term Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a dividend of $0.2501 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $3.00 annualized dividend and a yield of 21.9%.

Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust

Several institutional investors and hedge funds have recently modified their holdings of BCAT. NewEdge Advisors LLC boosted its holdings in shares of BlackRock Capital Allocation Term Trust by 12.4% during the 2nd quarter. NewEdge Advisors LLC now owns 19,830 shares of the company’s stock worth $316,000 after buying an additional 2,192 shares during the period. Baird Financial Group Inc. raised its holdings in BlackRock Capital Allocation Term Trust by 2.0% in the 2nd quarter. Baird Financial Group Inc. now owns 90,490 shares of the company’s stock valued at $1,442,000 after acquiring an additional 1,815 shares during the period. Corient Private Wealth LP lifted its position in BlackRock Capital Allocation Term Trust by 23.5% during the second quarter. Corient Private Wealth LP now owns 34,651 shares of the company’s stock worth $552,000 after acquiring an additional 6,592 shares during the last quarter. HighTower Advisors LLC lifted its position in BlackRock Capital Allocation Term Trust by 72.7% during the second quarter. HighTower Advisors LLC now owns 29,218 shares of the company’s stock worth $465,000 after acquiring an additional 12,299 shares during the last quarter. Finally, Advisory Solutions Group LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust during the second quarter worth approximately $213,000. 36.12% of the stock is currently owned by institutional investors and hedge funds.

About BlackRock Capital Allocation Term Trust

BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a diversified, closed-end management investment company advised by BlackRock Advisors, LLC. The fund seeks to provide total return through a combination of current income and capital appreciation.

BCAT invests across both equity and debt markets. Its portfolio may include common stocks, preferred securities, convertible securities, investment-grade and below-investment-grade corporate bonds, loans, and other fixed-income instruments.