Karpus Management Inc. Has $202,000 Holdings in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Karpus Management Inc. lessened its holdings in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 54.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,150 shares of the company’s stock after selling 14,450 shares during the quarter. Karpus Management Inc.’s holdings in BlackRock Capital Allocation Term Trust were worth $202,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BCAT. UBS Group AG raised its stake in shares of BlackRock Capital Allocation Term Trust by 8.2% in the 4th quarter. UBS Group AG now owns 1,543,167 shares of the company’s stock valued at $23,070,000 after purchasing an additional 116,638 shares during the period. Wells Fargo & Company MN raised its stake in shares of BlackRock Capital Allocation Term Trust by 0.9% in the 4th quarter. Wells Fargo & Company MN now owns 495,095 shares of the company’s stock valued at $7,402,000 after purchasing an additional 4,437 shares during the period. Stifel Financial Corp raised its stake in shares of BlackRock Capital Allocation Term Trust by 30.3% in the 4th quarter. Stifel Financial Corp now owns 488,792 shares of the company’s stock valued at $7,307,000 after purchasing an additional 113,628 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of BlackRock Capital Allocation Term Trust by 0.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 227,639 shares of the company’s stock valued at $3,792,000 after purchasing an additional 1,950 shares during the period. Finally, Wolverine Asset Management LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the 4th quarter valued at about $1,793,000. Institutional investors and hedge funds own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Price Performance

Shares of NYSE:BCAT traded up $0.08 during midday trading on Thursday, reaching $16.04. The company had a trading volume of 438,808 shares, compared to its average volume of 349,435. The business’s 50 day moving average price is $16.48 and its 200 day moving average price is $15.93. BlackRock Capital Allocation Term Trust has a 1-year low of $13.67 and a 1-year high of $17.18.

BlackRock Capital Allocation Term Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be given a $0.2865 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 21.43%. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

About BlackRock Capital Allocation Term Trust

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