B. Riley Wealth Advisors Inc. Purchases Shares of 14,485 BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Posted by Darlene League on Dec 22nd, 2024

B. Riley Wealth Advisors Inc. acquired a new stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT – Free Report) in the third quarter, Holdings Channel.com reports. The firm acquired 14,485 shares of the company’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also modified their holdings of BCAT. Virtu Financial LLC purchased a new position in BlackRock Capital Allocation Term Trust during the third quarter valued at approximately $427,000. Walleye Capital LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the 3rd quarter worth approximately $234,000. Penserra Capital Management LLC purchased a new position in shares of BlackRock Capital Allocation Term Trust during the 3rd quarter valued at approximately $15,901,000. Prospera Financial Services Inc lifted its stake in shares of BlackRock Capital Allocation Term Trust by 5.0% in the 3rd 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 during the period. Finally, Thrivent Financial for Lutherans purchased a new stake in BlackRock Capital Allocation Term Trust during the third quarter worth $398,000. Institutional investors and hedge funds own 36.12% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 28,670 shares of the business’s 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 completion of the sale, the insider now owns 14,888,870 shares of the company’s stock, valued at approximately $242,241,914.90. The trade was a 0.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders sold 693,060 shares of company stock valued at $11,418,519.

BlackRock Capital Allocation Term Trust Stock Up 0.5 %

BCAT opened at $15.25 on Friday. The company has a fifty day moving average of $16.10 and a two-hundred day moving average of $16.29. BlackRock Capital Allocation Term Trust has a fifty-two week low of $14.76 and a fifty-two week high of $17.18.

BlackRock Capital Allocation Term Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be paid a $0.2892 dividend. This represents a $3.47 annualized dividend and a dividend yield of 22.76%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.