Raymond James Financial Services Advisors Inc. Has $272,000 Stock Position in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

Raymond James Financial Services Advisors Inc. lowered its stake in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 27.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,218 shares of the company’s stock after selling 6,856 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock Capital Allocation Term Trust were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in BCAT. Saba Capital Management L.P. raised its holdings in shares of BlackRock Capital Allocation Term Trust by 17.2% in the 3rd quarter. Saba Capital Management L.P. now owns 10,259,217 shares of the company’s stock worth $148,656,000 after acquiring an additional 1,507,756 shares during the last quarter. Advisor Partners II LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the 3rd quarter worth about $7,966,000. Advisor Resource Council acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the 4th quarter worth about $1,564,000. Stifel Financial Corp raised its holdings in shares of BlackRock Capital Allocation Term Trust by 19.3% in the 3rd quarter. Stifel Financial Corp now owns 375,164 shares of the company’s stock worth $5,436,000 after acquiring an additional 60,806 shares during the last quarter. Finally, Fountainhead AM LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the 3rd quarter worth about $476,000. Institutional investors and hedge funds own 36.12% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. acquired 8,476 shares of BlackRock Capital Allocation Term Trust stock in a transaction on Monday, February 5th. The stock was acquired at an average cost of $15.40 per share, with a total value of $130,530.40. Following the transaction, the insider now owns 14,476,448 shares of the company’s stock, valued at approximately $222,937,299.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders bought 1,637,666 shares of company stock valued at $25,677,437.

BlackRock Capital Allocation Term Trust Stock Performance

BCAT opened at $15.31 on Tuesday. BlackRock Capital Allocation Term Trust has a fifty-two week low of $13.67 and a fifty-two week high of $16.82. The company’s 50-day moving average is $15.80 and its 200 day moving average is $15.14.

BlackRock Capital Allocation Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a $0.127 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 9.95%. The ex-dividend date of this dividend is Friday, April 12th.

BlackRock Capital Allocation Term Trust Profile

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