BlackRock Capital Allocation Term Trust (NYSE:BCAT) Sees Unusually-High Trading Volume – Time to Buy?

Shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) saw unusually-strong trading volume on Thursday . Approximately 514,033 shares traded hands during trading, an increase of 41% from the previous session’s volume of 365,474 shares.The stock last traded at $15.78 and had previously closed at $15.65.

BlackRock Capital Allocation Term Trust Price Performance

The stock’s 50-day simple moving average is $16.02 and its 200 day simple moving average is $16.25.

BlackRock Capital Allocation Term Trust Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 16th were given a dividend of $0.2892 per share. The ex-dividend date was Monday, December 16th. This is a positive change from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. This represents a $3.47 dividend on an annualized basis and a yield of 22.62%.

Insider Activity at BlackRock Capital Allocation Term Trust

In related news, major shareholder Saba Capital Management, L.P. sold 75,831 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $16.48, for a total transaction of $1,249,694.88. Following the transaction, the insider now owns 15,721,648 shares in the company, valued at $259,092,759.04. This represents a 0.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 651,051 shares of company stock valued at $10,727,891 in the last three months.

Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust

Institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. boosted its holdings in BlackRock Capital Allocation Term Trust by 4.3% in the second 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. Blue Bell Private Wealth Management LLC raised its holdings in shares of BlackRock Capital Allocation Term Trust by 4.0% during the second quarter. Blue Bell Private Wealth Management LLC now owns 104,722 shares of the company’s stock worth $1,718,000 after acquiring an additional 4,059 shares during the period. Prevail Innovative Wealth Advisors LLC bought a new position in BlackRock Capital Allocation Term Trust during the 2nd quarter worth about $1,452,000. Almitas Capital LLC bought a new position in shares of BlackRock Capital Allocation Term Trust during the second quarter worth about $728,000. Finally, Quarry LP boosted its position in BlackRock Capital Allocation Term Trust by 68.4% during the 2nd quarter. Quarry LP now owns 69,034 shares of the company’s stock worth $1,133,000 after acquiring an additional 28,045 shares during the last quarter. 36.12% of the stock is owned by institutional investors.

BlackRock Capital Allocation Term Trust Company Profile

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