Lido Advisors LLC Raises Position in BlackRock Capital Allocation Term Trust $BCAT

Lido Advisors LLC lifted its position in BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 1,243.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 180,590 shares of the company’s stock after buying an additional 167,144 shares during the period. Lido Advisors LLC owned about 0.17% of BlackRock Capital Allocation Term Trust worth $2,566,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its position in shares of BlackRock Capital Allocation Term Trust by 15.6% during the third quarter. Advisors Asset Management Inc. now owns 339,332 shares of the company’s stock valued at $5,019,000 after buying an additional 45,913 shares during the last quarter. Absolute Investment Advisers LLC purchased a new position in BlackRock Capital Allocation Term Trust in the 4th quarter worth about $5,083,000. Wolverine Asset Management LLC purchased a new position in BlackRock Capital Allocation Term Trust in the 4th quarter worth about $2,565,000. Shaker Financial Services LLC lifted its stake in BlackRock Capital Allocation Term Trust by 31.2% during the 4th quarter. Shaker Financial Services LLC now owns 20,335 shares of the company’s stock valued at $288,000 after acquiring an additional 4,835 shares during the period. Finally, PFG Investments LLC lifted its stake in BlackRock Capital Allocation Term Trust by 49.3% during the 4th quarter. PFG Investments LLC now owns 75,757 shares of the company’s stock valued at $1,073,000 after acquiring an additional 25,029 shares during the period. Hedge funds and other institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Stock Up 0.2%

Shares of NYSE BCAT opened at $15.49 on Monday. The firm’s 50-day moving average price is $15.10 and its 200-day moving average price is $14.78. BlackRock Capital Allocation Term Trust has a 52-week low of $13.73 and a 52-week high of $15.98.

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 issued a $0.2542 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 19.7%.

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.