BlackRock Capital Allocation Term Trust (NYSE:BCAT) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 27.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,902 shares of the company’s stock after selling 52,128 shares during the period. Sanctuary Advisors LLC owned 0.13% of BlackRock Capital Allocation Term Trust worth $2,254,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BCAT. Fountainhead AM LLC grew its stake in BlackRock Capital Allocation Term Trust by 2.1% during the 3rd quarter. Fountainhead AM LLC now owns 53,570 shares of the company’s stock valued at $881,000 after acquiring an additional 1,095 shares in the last quarter. Prospera Financial Services Inc grew its position in shares of BlackRock Capital Allocation Term Trust by 5.0% in the third quarter. Prospera Financial Services Inc now owns 23,693 shares of the company’s stock valued at $390,000 after purchasing an additional 1,137 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of BlackRock Capital Allocation Term Trust by 4.0% in the second quarter. Blue Bell Private Wealth Management LLC now owns 104,722 shares of the company’s stock valued at $1,718,000 after purchasing an additional 4,059 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in BlackRock Capital Allocation Term Trust by 4.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 133,238 shares of the company’s stock worth $2,186,000 after buying an additional 5,438 shares in the last quarter. Finally, Mathes Company Inc. lifted its position in BlackRock Capital Allocation Term Trust by 6.0% during the third quarter. Mathes Company Inc. now owns 96,500 shares of the company’s stock worth $1,587,000 after buying an additional 5,500 shares in the last quarter. 36.12% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Stock Performance

Shares of NYSE:BCAT opened at $15.37 on Thursday. BlackRock Capital Allocation Term Trust has a 52-week low of $14.76 and a 52-week high of $17.18. The business has a fifty day moving average of $16.16 and a two-hundred day moving average of $16.30.

BlackRock Capital Allocation Term Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be given a dividend of $0.2892 per share. This is a boost from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. This represents a $3.47 annualized dividend and a yield of 22.58%. The ex-dividend date of this dividend is Monday, December 16th.

Insiders Place Their Bets

In other BlackRock Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. sold 40,158 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $16.27, for a total transaction of $653,370.66. Following the completion of the sale, the insider now owns 14,969,295 shares of the company’s stock, valued at $243,550,429.65. This trade represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 693,060 shares of company stock valued at $11,418,519 over the last ninety days.

BlackRock Capital Allocation Term Trust Company Profile

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