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

BlackRock Capital Allocation Term Trust (NYSE:BCAT) saw an uptick in trading volume on Monday . 405,128 shares were traded during mid-day trading, a decline of 0% from the previous session’s volume of 407,142 shares.The stock last traded at $14.27 and had previously closed at $14.35.

BlackRock Capital Allocation Term Trust Stock Performance

The business has a 50-day moving average price of $15.21 and a 200-day moving average price of $15.73.

BlackRock Capital Allocation Term Trust Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.2872 dividend. This represents a $3.45 annualized dividend and a dividend yield of 23.65%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust

Institutional investors have recently bought and sold shares of the business. Elequin Capital LP purchased a new stake in BlackRock Capital Allocation Term Trust during the fourth quarter worth $162,000. Cetera Investment Advisers lifted its stake in shares of BlackRock Capital Allocation Term Trust by 11.8% during the 4th quarter. Cetera Investment Advisers now owns 39,302 shares of the company’s stock worth $595,000 after purchasing an additional 4,163 shares during the last quarter. Citadel Advisors LLC bought a new stake in BlackRock Capital Allocation Term Trust during the fourth quarter valued at about $221,000. Cary Street Partners Financial LLC purchased a new position in BlackRock Capital Allocation Term Trust in the fourth quarter valued at about $186,000. Finally, CF Capital LLC bought a new position in BlackRock Capital Allocation Term Trust in the fourth quarter worth about $7,501,000. 36.12% of the stock is owned by hedge funds and other institutional investors.

About BlackRock Capital Allocation Term Trust

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