BlackRock Capital Allocation Trust (NYSE:BCAT) Reaches New 12-Month Low at $13.73

Shares of BlackRock Capital Allocation Trust (NYSE:BCATGet Rating) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $13.73 and last traded at $13.76, with a volume of 197 shares changing hands. The stock had previously closed at $13.91.

BlackRock Capital Allocation Trust Stock Performance

The firm has a 50-day moving average price of $15.02 and a 200-day moving average price of $15.37.

BlackRock Capital Allocation Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.104 per share. This represents a $1.25 annualized dividend and a dividend yield of 9.16%. The ex-dividend date is Wednesday, September 14th.

Hedge Funds Weigh In On BlackRock Capital Allocation Trust

Hedge funds have recently modified their holdings of the company. IFG Advisory LLC grew its holdings in shares of BlackRock Capital Allocation Trust by 41.7% in the 1st quarter. IFG Advisory LLC now owns 18,418 shares of the company’s stock worth $305,000 after acquiring an additional 5,418 shares during the last quarter. Sit Investment Associates Inc. grew its holdings in shares of BlackRock Capital Allocation Trust by 18.1% in the 1st quarter. Sit Investment Associates Inc. now owns 777,891 shares of the company’s stock worth $12,882,000 after acquiring an additional 119,414 shares during the last quarter. Calton & Associates Inc. grew its holdings in shares of BlackRock Capital Allocation Trust by 29.5% during the second quarter. Calton & Associates Inc. now owns 21,426 shares of the company’s stock valued at $313,000 after buying an additional 4,882 shares in the last quarter. 1607 Capital Partners LLC grew its holdings in shares of BlackRock Capital Allocation Trust by 44.1% during the first quarter. 1607 Capital Partners LLC now owns 127,200 shares of the company’s stock valued at $2,106,000 after buying an additional 38,900 shares in the last quarter. Finally, Logan Stone Capital LLC purchased a new position in shares of BlackRock Capital Allocation Trust during the fourth quarter valued at $2,168,000.

About BlackRock Capital Allocation Trust

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