Saba Capital Management, L.P. Sells 38,785 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 38,785 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $16.32, for a total transaction of $632,971.20. Following the completion of the transaction, the insider now owns 14,917,540 shares of the company’s stock, valued at $243,454,252.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, October 21st, Saba Capital Management, L.P. sold 28,670 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.27, for a total transaction of $466,460.90.
• On Wednesday, October 16th, Saba Capital Management, L.P. sold 40,158 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.27, for a total value of $653,370.66.
• On Monday, October 14th, Saba Capital Management, L.P. sold 166,128 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.60, for a total value of $2,757,724.80.
• On Friday, October 11th, Saba Capital Management, L.P. sold 65,953 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.51, for a total value 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 stock was sold at an average price of $16.45, for a total value 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 transaction 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 transaction 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 shares were 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 value of $144,672.00.

BlackRock Capital Allocation Term Trust Stock Down 0.6 %

NYSE:BCAT opened at $16.10 on Thursday. BlackRock Capital Allocation Term Trust has a twelve month low of $13.70 and a twelve month high of $17.18. The stock’s 50 day moving average price is $16.37 and its two-hundred day moving average price is $16.25.

BlackRock Capital Allocation Term Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.2871 per share. This represents a $3.45 dividend on an annualized basis and a yield of 21.40%. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. The ex-dividend date is Tuesday, October 15th.

Institutional Trading of BlackRock Capital Allocation Term Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in BCAT. Eagle Rock Investment Company LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust during the 1st quarter worth about $298,000. Commonwealth Equity Services LLC grew its holdings in BlackRock Capital Allocation Term Trust by 0.9% during the first quarter. Commonwealth Equity Services LLC now owns 227,639 shares of the company’s stock worth $3,792,000 after purchasing an additional 1,950 shares during the period. Fountainhead AM LLC increased its position in BlackRock Capital Allocation Term Trust by 2.0% during the first quarter. Fountainhead AM LLC now owns 47,570 shares of the company’s stock worth $793,000 after buying an additional 921 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in BlackRock Capital Allocation Term Trust by 18.6% in the first quarter. Oppenheimer & Co. Inc. now owns 29,180 shares of the company’s stock valued at $486,000 after buying an additional 4,586 shares during the period. Finally, Ironsides Asset Advisors LLC raised its stake in BlackRock Capital Allocation Term Trust by 14.1% in the first quarter. Ironsides Asset Advisors LLC now owns 29,133 shares of the company’s stock valued at $485,000 after buying an additional 3,606 shares during the period. 36.12% of the stock is owned by institutional investors.

About BlackRock Capital Allocation Term Trust

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