Transcend Capital Advisors LLC Sells 17,200 Shares of BlackRock Capital Allocation Trust (NYSE:BCAT)

Posted by Defense World Staff on Mar 31st, 2023

Transcend Capital Advisors LLC trimmed its stake in shares of BlackRock Capital Allocation Trust (NYSE:BCAT – Get Rating) by 36.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,950 shares of the company’s stock after selling 17,200 shares during the quarter. Transcend Capital Advisors LLC’s holdings in BlackRock Capital Allocation Trust were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of BCAT. Raymond James & Associates grew its position in BlackRock Capital Allocation Trust by 93.8% during the 1st quarter. Raymond James & Associates now owns 260,872 shares of the company’s stock worth $4,320,000 after acquiring an additional 126,252 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of BlackRock Capital Allocation Trust by 56.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 35,747 shares of the company’s stock worth $592,000 after buying an additional 12,848 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of BlackRock Capital Allocation Trust in the 1st quarter worth approximately $178,000. Cetera Advisor Networks LLC grew its position in shares of BlackRock Capital Allocation Trust by 34.0% in the 1st quarter. Cetera Advisor Networks LLC now owns 23,611 shares of the company’s stock worth $391,000 after buying an additional 5,995 shares during the last quarter. Finally, Raymond James Trust N.A. grew its position in shares of BlackRock Capital Allocation Trust by 30.6% in the 1st quarter. Raymond James Trust N.A. now owns 17,073 shares of the company’s stock worth $283,000 after buying an additional 4,000 shares during the last quarter. 24.96% of the stock is currently owned by institutional investors.

BlackRock Capital Allocation Trust Stock Performance

BCAT opened at $14.99 on Friday. The business has a 50 day moving average of $14.87 and a 200-day moving average of $14.41. BlackRock Capital Allocation Trust has a 52 week low of $13.32 and a 52 week high of $16.93.

BlackRock Capital Allocation Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be issued a $0.127 dividend. This represents a $1.52 annualized dividend and a yield of 10.17%. The ex-dividend date is Tuesday, March 14th.