Saba Capital Management, L.P. Sells 166,128 Shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) Stock

BlackRock Capital Allocation Term Trust (NYSE:BCAT) major shareholder Saba Capital Management, L.P. sold 166,128 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $16.60, for a total value of $2,757,724.80. Following the transaction, the insider now owns 15,096,159 shares of the company’s stock, valued at approximately $250,596,239.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Wednesday, October 16th, Saba Capital Management, L.P. sold 40,158 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.27, for a total transaction of $653,370.66.
• On Friday, October 11th, Saba Capital Management, L.P. sold 65,953 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.51, for a total transaction of $1,088,884.03.
• On Wednesday, October 9th, Saba Capital Management, L.P. sold 72,094 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.45, for a total transaction of $1,185,946.30.
• On Monday, October 7th, Saba Capital Management, L.P. sold 66,481 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.48, for a total transaction of $1,095,606.88.
• On Friday, October 4th, Saba Capital Management, L.P. sold 52,067 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.47, for a total value of $857,543.49.
• On Wednesday, October 2nd, Saba Capital Management, L.P. sold 75,831 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.48, for a total value of $1,249,694.88.
• On Monday, September 30th, Saba Capital Management, L.P. sold 44,884 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.48, for a total value of $739,688.32.
• On Wednesday, September 25th, Saba Capital Management, L.P. sold 8,800 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.44, for a total transaction of $144,672.00.
• On Monday, September 23rd, Saba Capital Management, L.P. sold 33,209 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.44, for a total transaction of $545,955.96.
• On Thursday, September 19th, Saba Capital Management, L.P. sold 14,973 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.41, for a total transaction of $245,706.93.

BlackRock Capital Allocation Term Trust Trading Down 0.2 %

NYSE:BCAT opened at $16.23 on Friday. The business’s 50-day moving average is $16.36 and its 200 day moving average is $16.26. BlackRock Capital Allocation Term Trust has a 12 month low of $13.67 and a 12 month high of $17.18.

BlackRock Capital Allocation Term Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.2871 per share. This is a boost from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. This represents a $3.45 annualized dividend and a yield of 21.23%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Investors Weigh In On BlackRock Capital Allocation Term Trust

Several institutional investors have recently modified their holdings of BCAT. Claro Advisors LLC increased its position in shares of BlackRock Capital Allocation Term Trust by 101.3% during the 3rd quarter. Claro Advisors LLC now owns 31,734 shares of the company’s stock valued at $522,000 after purchasing an additional 15,969 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in BlackRock Capital Allocation Term Trust during the second quarter worth $2,967,000. Truist Financial Corp bought a new position in BlackRock Capital Allocation Term Trust during the second quarter valued at $319,000. Quarry LP raised its stake in shares of BlackRock Capital Allocation Term Trust by 68.4% in the second quarter. Quarry LP now owns 69,034 shares of the company’s stock valued at $1,133,000 after acquiring an additional 28,045 shares during the period. Finally, Almitas Capital LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust in the 2nd quarter worth about $728,000. 36.12% of the stock is owned by institutional investors.

BlackRock Capital Allocation Term Trust Company Profile

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