Raymond James & Associates Purchases 20,733 Shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Posted by Defense World Staff on Oct 16th, 2023

Raymond James & Associates grew its position in BlackRock Capital Allocation Term Trust (NYSE:BCAT – Free Report) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,076,581 shares of the company’s stock after acquiring an additional 20,733 shares during the period. Raymond James & Associates owned 1.00% of BlackRock Capital Allocation Term Trust worth $16,418,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BCAT. Raymond James Trust N.A. boosted its stake in BlackRock Capital Allocation Term Trust by 7.4% in the first quarter. Raymond James Trust N.A. now owns 28,993 shares of the company’s stock worth $439,000 after purchasing an additional 2,000 shares in the last quarter. Private Management Group Inc. lifted its position in BlackRock Capital Allocation Term Trust by 12.5% during the 1st quarter. Private Management Group Inc. now owns 151,749 shares of the company’s stock worth $2,297,000 after buying an additional 16,817 shares in the last quarter. Mathes Company Inc. bought a new stake in BlackRock Capital Allocation Term Trust during the 2nd quarter worth about $1,544,000. Camelot Portfolios LLC increased its position in BlackRock Capital Allocation Term Trust by 3.9% in the 1st quarter. Camelot Portfolios LLC now owns 26,500 shares of the company’s stock valued at $401,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Insigneo Advisory Services LLC raised its stake in shares of BlackRock Capital Allocation Term Trust by 9.5% in the first quarter. Insigneo Advisory Services LLC now owns 16,304 shares of the company’s stock worth $271,000 after acquiring an additional 1,419 shares during the last quarter. 31.63% of the stock is owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Price Performance

BCAT opened at $14.25 on Monday. The company’s 50 day simple moving average is $14.68 and its 200-day simple moving average is $14.95. BlackRock Capital Allocation Term Trust has a one year low of $13.53 and a one year high of $15.61.

BlackRock Capital Allocation Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be paid a $0.127 dividend. The ex-dividend date of this dividend is Friday, October 13th. This represents a $1.52 annualized dividend and a dividend yield of 10.69%.