Rockefeller Capital Management L.P. Lowers Stock Holdings in BlackRock Capital Allocation Term Trust $BCAT

Rockefeller Capital Management L.P. lowered its position in BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 7.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 429,375 shares of the company’s stock after selling 33,465 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in BlackRock Capital Allocation Term Trust were worth $6,080,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Absolute Investment Advisers LLC purchased a new position in shares of BlackRock Capital Allocation Term Trust in the fourth quarter valued at about $5,083,000. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the fourth quarter worth about $2,565,000. Closed End Fund Advisors Inc. bought a new stake in BlackRock Capital Allocation Term Trust during the 4th quarter valued at approximately $519,000. Lido Advisors LLC lifted its holdings in BlackRock Capital Allocation Term Trust by 1,243.1% in the 4th quarter. Lido Advisors LLC now owns 180,590 shares of the company’s stock worth $2,566,000 after purchasing an additional 167,144 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in BlackRock Capital Allocation Term Trust by 1,856.5% in the 4th quarter. Global Retirement Partners LLC now owns 8,687 shares of the company’s stock worth $123,000 after purchasing an additional 8,243 shares during the period. 36.12% of the stock is owned by institutional investors.

BlackRock Capital Allocation Term Trust Stock Up 0.3%

Shares of BCAT opened at $15.80 on Friday. BlackRock Capital Allocation Term Trust has a 1 year low of $13.73 and a 1 year high of $16.05. The company has a 50 day simple moving average of $15.48 and a two-hundred day simple moving average of $14.93.

BlackRock Capital Allocation Term Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given 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 dividend yield of 19.3%.

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.