Wolverine Asset Management LLC Takes Position in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Posted by Donna Armstrong on Feb 23rd, 2025

Wolverine Asset Management LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 82,454 shares of the company’s stock, valued at approximately $1,249,000. Wolverine Asset Management LLC owned approximately 0.08% of BlackRock Capital Allocation Term Trust at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Private Advisor Group LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the fourth quarter valued at about $158,000. Mathes Company Inc. lifted its position in shares of BlackRock Capital Allocation Term Trust by 13.8% during the fourth quarter. Mathes Company Inc. now owns 109,800 shares of the company’s stock worth $1,663,000 after purchasing an additional 13,300 shares during the last quarter. Joseph P. Lucia & Associates LLC bought a new position in shares of BlackRock Capital Allocation Term Trust during the fourth quarter worth about $255,000. Kingswood Wealth Advisors LLC bought a new position in shares of BlackRock Capital Allocation Term Trust during the fourth quarter worth about $594,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of BlackRock Capital Allocation Term Trust by 13.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 17,150 shares of the company’s stock worth $260,000 after purchasing an additional 2,000 shares during the last quarter. 36.12% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Stock Down 0.7 %

Shares of BCAT stock opened at $15.37 on Friday. BlackRock Capital Allocation Term Trust has a one year low of $15.00 and a one year high of $17.18. The company’s 50-day simple moving average is $15.51 and its 200-day simple moving average is $16.00.

BlackRock Capital Allocation Term Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.2882 per share. This is a boost from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. The ex-dividend date is Friday, February 14th. This represents a $3.46 annualized dividend and a dividend yield of 22.51%.