Penserra Capital Management LLC Makes New $15.90 Million Investment in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Penserra Capital Management LLC purchased a new position in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 966,654 shares of the company’s stock, valued at approximately $15,901,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fountainhead AM LLC lifted its stake in BlackRock Capital Allocation Term Trust by 2.1% during the third quarter. Fountainhead AM LLC now owns 53,570 shares of the company’s stock worth $881,000 after purchasing an additional 1,095 shares during the last quarter. Prospera Financial Services Inc lifted its stake in shares of BlackRock Capital Allocation Term Trust by 5.0% in the 3rd quarter. Prospera Financial Services Inc now owns 23,693 shares of the company’s stock valued at $390,000 after acquiring an additional 1,137 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in shares of BlackRock Capital Allocation Term Trust by 4.0% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 104,722 shares of the company’s stock valued at $1,718,000 after acquiring an additional 4,059 shares during the last quarter. Transcend Capital Advisors LLC lifted its stake in shares of BlackRock Capital Allocation Term Trust by 7.3% in the 2nd quarter. Transcend Capital Advisors LLC now owns 65,207 shares of the company’s stock valued at $1,070,000 after acquiring an additional 4,435 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of BlackRock Capital Allocation Term Trust by 4.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 133,238 shares of the company’s stock valued at $2,186,000 after acquiring an additional 5,438 shares during the last quarter. Institutional investors own 36.12% of the company’s stock.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. sold 28,670 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $16.27, for a total transaction of $466,460.90. Following the transaction, the insider now owns 14,888,870 shares in the company, valued at $242,241,914.90. The trade was a 0.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 723,927 shares of company stock valued at $11,925,047.

BlackRock Capital Allocation Term Trust Price Performance

NYSE BCAT opened at $16.11 on Friday. BlackRock Capital Allocation Term Trust has a 1-year low of $14.60 and a 1-year high of $17.18. The stock has a 50-day moving average of $16.24 and a 200-day moving average of $16.32.

BlackRock Capital Allocation Term Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.2885 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 21.49%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

About BlackRock Capital Allocation Term Trust

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