BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Shares Sold by Private Management Group Inc.

Private Management Group Inc. lessened its holdings in shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 215,571 shares of the company’s stock after selling 3,683 shares during the quarter. Private Management Group Inc.’s holdings in BlackRock ESG Capital Allocation Term Trust were worth $3,477,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ECAT. Park Avenue Securities LLC acquired a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the third quarter valued at $152,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of BlackRock ESG Capital Allocation Term Trust during the third quarter valued at $181,000. Carmel Capital Partners LLC purchased a new stake in shares of BlackRock ESG Capital Allocation Term Trust during the third quarter valued at $240,000. Raymond James & Associates lifted its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 24.3% during the fourth quarter. Raymond James & Associates now owns 15,503 shares of the company’s stock valued at $250,000 after purchasing an additional 3,026 shares during the last quarter. Finally, Fountainhead AM LLC purchased a new stake in shares of BlackRock ESG Capital Allocation Term Trust during the third quarter valued at $253,000.

BlackRock ESG Capital Allocation Term Trust Trading Up 0.1 %

Shares of NYSE ECAT traded up $0.01 during mid-day trading on Wednesday, hitting $16.25. 125,953 shares of the company traded hands, compared to its average volume of 247,449. BlackRock ESG Capital Allocation Term Trust has a 1 year low of $14.02 and a 1 year high of $17.40. The business has a 50 day moving average of $16.85 and a two-hundred day moving average of $16.11.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a dividend yield of 11.08%. The ex-dividend date is Friday, April 12th.

Insider Activity at BlackRock ESG Capital Allocation Term Trust

In other BlackRock ESG Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. purchased 55,980 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were purchased at an average cost of $17.34 per share, with a total value of $970,693.20. Following the completion of the transaction, the insider now owns 28,552,727 shares of the company’s stock, valued at $495,104,286.18. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have acquired 1,947,860 shares of company stock valued at $32,846,384.

BlackRock ESG Capital Allocation Term Trust Profile

BlackRock ESG Capital Allocation Trust’s (ECAT) (the ‘Trust’) investment objectives are to provide total return and income through a combination of current income, current gains and long-term capital appreciation. The Trust invests in a portfolio of equity and debt securities. Generally, the Trust’s portfolio will include both equity and debt securities.