BlackRock Capital Allocation Term Trust (NYSE:BCAT) Position Boosted by Prospera Financial Services Inc

Prospera Financial Services Inc raised its holdings in shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) by 5.0% during the 3rd quarter, Holdings Channel reports. The fund owned 23,693 shares of the company’s stock after purchasing an additional 1,137 shares during the period. Prospera Financial Services Inc’s holdings in BlackRock Capital Allocation Term Trust were worth $390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans acquired a new position in shares of BlackRock Capital Allocation Term Trust during the third quarter valued at $398,000. Kovack Advisors Inc. acquired a new position in BlackRock Capital Allocation Term Trust during the 3rd quarter valued at about $421,000. Oppenheimer & Co. Inc. increased its stake in BlackRock Capital Allocation Term Trust by 10.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 57,248 shares of the company’s stock valued at $942,000 after buying an additional 5,618 shares during the period. Fountainhead AM LLC raised its position in shares of BlackRock Capital Allocation Term Trust by 2.1% during the 3rd quarter. Fountainhead AM LLC now owns 53,570 shares of the company’s stock worth $881,000 after buying an additional 1,095 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust in the 3rd quarter worth approximately $156,000. Institutional investors and hedge funds own 36.12% of the company’s stock.

Insider Transactions at BlackRock Capital Allocation Term Trust

In other news, major shareholder Saba Capital Management, L.P. sold 166,128 shares of BlackRock Capital Allocation Term Trust stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $16.60, for a total value of $2,757,724.80. Following the transaction, the insider now owns 15,096,159 shares of the company’s stock, valued at $250,596,239.40. The trade was a 1.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 723,927 shares of company stock valued at $11,925,047.

BlackRock Capital Allocation Term Trust Trading Up 0.5 %

NYSE BCAT opened at $16.11 on Monday. BlackRock Capital Allocation Term Trust has a 12 month low of $14.60 and a 12 month high of $17.18. The company’s 50 day simple moving average is $16.24 and its 200 day simple moving average is $16.32.

BlackRock Capital Allocation Term Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.2885 per share. The ex-dividend date is Friday, November 15th. This is a boost from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. This represents a $3.46 annualized dividend and a dividend yield of 21.49%.

About BlackRock Capital Allocation Term Trust

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