65,921 Shares in BlackRock Capital Allocation Term Trust $BCAT Bought by Formidable Asset Management LLC

Formidable Asset Management LLC purchased a new stake in BlackRock Capital Allocation Term Trust (NYSE:BCAT) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 65,921 shares of the company’s stock, valued at approximately $933,000. Formidable Asset Management LLC owned approximately 0.06% of BlackRock Capital Allocation Term Trust at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BCAT. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of BlackRock Capital Allocation Term Trust by 100.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 33,300 shares of the company’s stock worth $471,000 after purchasing an additional 16,650 shares in the last quarter. TD Capital Management LLC raised its holdings in shares of BlackRock Capital Allocation Term Trust by 5.6% during the 4th quarter. TD Capital Management LLC now owns 33,812 shares of the company’s stock valued at $479,000 after buying an additional 1,805 shares during the period. NewEdge Advisors LLC raised its holdings in shares of BlackRock Capital Allocation Term Trust by 4.7% during the 4th quarter. NewEdge Advisors LLC now owns 16,859 shares of the company’s stock valued at $239,000 after buying an additional 759 shares during the period. XTX Topco Ltd acquired a new position in BlackRock Capital Allocation Term Trust during the 4th quarter worth approximately $368,000. Finally, Readystate Asset Management LP acquired a new position in BlackRock Capital Allocation Term Trust during the 4th quarter worth approximately $2,887,000. 36.12% of the stock is owned by hedge funds and other institutional investors.

BlackRock Capital Allocation Term Trust Stock Performance

NYSE BCAT opened at $15.80 on Monday. BlackRock Capital Allocation Term Trust has a fifty-two week low of $13.73 and a fifty-two week high of $16.05. The business has a 50 day moving average price of $15.48 and a two-hundred day moving average price of $14.93.

BlackRock Capital Allocation Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.2542 per share. This represents a c) dividend on an annualized basis and a dividend yield of 19.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

About BlackRock Capital Allocation Term Trust

BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a closed-end, diversified management investment company organized as a term trust. The fund’s primary objective is to deliver high current income and total return by investing across a broad range of credit and equity markets. BCAT seeks to achieve this objective through a portfolio of corporate debt securities, floating-rate loans, convertible securities, common and preferred equity, and asset-backed securities.

BCAT employs an actively managed, multi-sector credit approach that spans investment-grade and below-investment-grade bonds, senior secured loans and structured credit.