BlackRock Capital Allocation Term Trust (NYSE:BCAT) Sees Strong Trading Volume – Should You Buy?

Shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) saw an uptick in trading volume on Thursday . 514,033 shares changed hands during mid-day 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 Trading Up 0.1 %

The business has a fifty day simple moving average of $16.05 and a two-hundred day simple moving average of $16.26.

BlackRock Capital Allocation Term Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 16th were issued a $0.2892 dividend. 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 dividend yield of 22.15%.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. sold 28,670 shares of BlackRock Capital Allocation Term Trust stock in a transaction on Monday, October 21st. The shares were sold at an average price of $16.27, for a total value of $466,460.90. Following the sale, the insider now owns 14,888,870 shares of the company’s stock, valued at approximately $242,241,914.90. This trade represents a 0.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 651,051 shares of company stock valued at $10,727,891.

Institutional Trading of BlackRock Capital Allocation Term Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Ashton Thomas Securities LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the third quarter worth approximately $156,000. Walleye Capital LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the third quarter valued at about $234,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of BlackRock Capital Allocation Term Trust in the third quarter worth about $238,000. Truist Financial Corp acquired a new position in BlackRock Capital Allocation Term Trust during the second quarter worth about $319,000. Finally, Prospera Financial Services Inc grew its stake in BlackRock Capital Allocation Term Trust by 5.0% during 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 in the last quarter. Hedge funds and other institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Company Profile

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