Saba Capital Management, L.P. Sells 65,953 Shares of BlackRock Capital Allocation Term Trust (NYSE:BCAT) Stock

BlackRock Capital Allocation Term Trust (NYSE:BCAT) major shareholder Saba Capital Management, L.P. sold 65,953 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $16.51, for a total value of $1,088,884.03. Following the completion of the sale, the insider now directly owns 15,246,935 shares in the company, valued at approximately $251,726,896.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Monday, October 14th, Saba Capital Management, L.P. sold 166,128 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.60, for a total transaction of $2,757,724.80.
• On Wednesday, October 9th, Saba Capital Management, L.P. sold 72,094 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.45, for a total transaction of $1,185,946.30.
• On Monday, October 7th, Saba Capital Management, L.P. sold 66,481 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.48, for a total value of $1,095,606.88.
• On Friday, October 4th, Saba Capital Management, L.P. sold 52,067 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.47, for a total value of $857,543.49.
• On Wednesday, October 2nd, Saba Capital Management, L.P. sold 75,831 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.48, for a total value of $1,249,694.88.
• On Monday, September 30th, Saba Capital Management, L.P. sold 44,884 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.48, for a total transaction of $739,688.32.
• On Wednesday, September 25th, Saba Capital Management, L.P. sold 8,800 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.44, for a total transaction of $144,672.00.
• On Monday, September 23rd, Saba Capital Management, L.P. sold 33,209 shares of BlackRock Capital Allocation Term Trust stock. The shares were sold at an average price of $16.44, for a total value of $545,955.96.
• On Thursday, September 19th, Saba Capital Management, L.P. sold 14,973 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.41, for a total value of $245,706.93.
• On Tuesday, September 17th, Saba Capital Management, L.P. sold 15,894 shares of BlackRock Capital Allocation Term Trust stock. The stock was sold at an average price of $16.41, for a total transaction of $260,820.54.

BlackRock Capital Allocation Term Trust Price Performance

NYSE BCAT opened at $16.26 on Thursday. BlackRock Capital Allocation Term Trust has a 1 year low of $13.67 and a 1 year high of $17.18. The business’s 50-day moving average is $16.36 and its 200 day moving average is $16.26.

BlackRock Capital Allocation Term Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.2871 per share. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. This represents a $3.45 dividend on an annualized basis and a yield of 21.19%. The ex-dividend date is Tuesday, October 15th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BCAT. Fountainhead AM LLC increased its position in shares of BlackRock Capital Allocation Term Trust by 2.0% during the first quarter. Fountainhead AM LLC now owns 47,570 shares of the company’s stock valued at $793,000 after buying an additional 921 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of BlackRock Capital Allocation Term Trust by 0.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 227,639 shares of the company’s stock worth $3,792,000 after acquiring an additional 1,950 shares during the period. Ironsides Asset Advisors LLC raised its position in shares of BlackRock Capital Allocation Term Trust by 14.1% in the 1st quarter. Ironsides Asset Advisors LLC now owns 29,133 shares of the company’s stock worth $485,000 after acquiring an additional 3,606 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its position in shares of BlackRock Capital Allocation Term Trust by 4.0% during the second quarter. Blue Bell Private Wealth Management LLC now owns 104,722 shares of the company’s stock valued at $1,718,000 after purchasing an additional 4,059 shares in the last quarter. Finally, Transcend Capital Advisors LLC grew its stake in BlackRock Capital Allocation Term Trust by 7.3% in the second quarter. Transcend Capital Advisors LLC now owns 65,207 shares of the company’s stock worth $1,070,000 after purchasing an additional 4,435 shares during the period. 36.12% of the stock is currently owned by institutional investors.

About BlackRock Capital Allocation Term Trust

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