Rockefeller Capital Management L.P. Sells 33,465 Shares of BlackRock Capital Allocation Term Trust $BCAT

Rockefeller Capital Management L.P. lessened its holdings in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 429,375 shares of the company’s stock after selling 33,465 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.40% of BlackRock Capital Allocation Term Trust worth $6,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of BCAT. Cohen & Steers Inc. raised its holdings in BlackRock Capital Allocation Term Trust by 0.6% in the 4th quarter. Cohen & Steers Inc. now owns 1,632,657 shares of the company’s stock worth $23,118,000 after purchasing an additional 10,000 shares during the period. Bank of America Corp DE grew its holdings in BlackRock Capital Allocation Term Trust by 8.9% during the second quarter. Bank of America Corp DE now owns 1,424,014 shares of the company’s stock valued at $21,560,000 after purchasing an additional 116,151 shares during the period. Rivernorth Capital Management LLC bought a new stake in BlackRock Capital Allocation Term Trust during the fourth quarter valued at about $19,940,000. Invesco Ltd. increased its position in BlackRock Capital Allocation Term Trust by 4.3% in the third quarter. Invesco Ltd. now owns 1,324,286 shares of the company’s stock worth $19,586,000 after buying an additional 54,297 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of BlackRock Capital Allocation Term Trust by 25.1% in the third quarter. Raymond James Financial Inc. now owns 467,447 shares of the company’s stock worth $6,914,000 after buying an additional 93,659 shares during the period. 36.12% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Capital Allocation Term Trust Stock Up 0.3%

BCAT stock opened at $15.80 on Friday. BlackRock Capital Allocation Term Trust has a twelve month low of $13.73 and a twelve month high of $16.05. The business’s 50-day moving average price is $15.48 and its 200-day moving average price is $14.93.

BlackRock Capital Allocation Term Trust Dividend Announcement

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

BlackRock Capital Allocation Term Trust Company Profile

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.