BlackRock Capital Allocation Trust (NYSE:BCAT) Sees Large Volume Increase

BlackRock Capital Allocation Trust (NYSE:BCAT) shares saw unusually-high trading volume on Friday . Approximately 24,858 shares were traded during trading, a decline of 87% from the previous session’s volume of 188,131 shares.The stock last traded at $20.08 and had previously closed at $20.19.

The firm has a fifty day simple moving average of $21.61.

The company also recently announced a monthly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th will be issued a dividend of $0.104 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date is Tuesday, September 14th.

Several institutional investors and hedge funds have recently bought and sold shares of BCAT. Morgan Stanley lifted its holdings in shares of BlackRock Capital Allocation Trust by 22.5% during the second quarter. Morgan Stanley now owns 4,652,655 shares of the company’s stock worth $101,800,000 after buying an additional 855,847 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of BlackRock Capital Allocation Trust by 12.3% during the second quarter. Bank of America Corp DE now owns 1,806,143 shares of the company’s stock worth $39,518,000 after buying an additional 197,231 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of BlackRock Capital Allocation Trust by 14.6% in the second quarter. Wells Fargo & Company MN now owns 343,543 shares of the company’s stock worth $7,517,000 after purchasing an additional 43,659 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of BlackRock Capital Allocation Trust by 496.2% in the second quarter. Rockefeller Capital Management L.P. now owns 46,212 shares of the company’s stock worth $1,011,000 after purchasing an additional 38,461 shares during the period. Finally, Quilter Plc bought a new position in shares of BlackRock Capital Allocation Trust in the second quarter worth $728,000.

About BlackRock Capital Allocation Trust (NYSE:BCAT)

Featured Article: Stock Symbols and CUSIP Explained

Receive News & Ratings for BlackRock Capital Allocation Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Capital Allocation Trust and related companies with MarketBeat.com's FREE daily email newsletter.