Bfsg LLC Takes Position in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Bfsg LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,741 shares of the company’s stock, valued at approximately $41,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in BCAT. Sugarloaf Wealth Management LLC purchased a new position in BlackRock Capital Allocation Term Trust in the 4th quarter worth $25,000. CWM LLC purchased a new position in BlackRock Capital Allocation Term Trust in the 4th quarter worth $62,000. NBC Securities Inc. purchased a new position in BlackRock Capital Allocation Term Trust in the 3rd quarter worth $76,000. Blue Bell Private Wealth Management LLC purchased a new position in BlackRock Capital Allocation Term Trust in the 3rd quarter worth $87,000. Finally, Carmel Capital Partners LLC purchased a new position in BlackRock Capital Allocation Term Trust in the 3rd quarter worth $109,000. Hedge funds and other institutional investors own 36.12% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. purchased 8,476 shares of the business’s stock in a transaction on Monday, February 5th. The shares were acquired at an average price of $15.40 per share, with a total value of $130,530.40. Following the acquisition, the insider now directly owns 14,476,448 shares in the company, valued at $222,937,299.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought a total of 1,568,050 shares of company stock valued at $24,609,178 in the last quarter.

BlackRock Capital Allocation Term Trust Trading Down 0.3 %

Shares of NYSE:BCAT opened at $15.39 on Friday. The company’s fifty day moving average is $15.79 and its 200 day moving average is $15.15. BlackRock Capital Allocation Term Trust has a 52 week low of $13.67 and a 52 week high of $16.82.

BlackRock Capital Allocation Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a $0.127 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 9.90%. The ex-dividend date is Friday, April 12th.

About BlackRock Capital Allocation Term Trust

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