BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Declares $0.15 Monthly Dividend

BlackRock ESG Capital Allocation Term Trust (NYSE:ECATGet Free Report) announced a monthly dividend on Monday, April 1st, Zacks reports. Stockholders of record on Monday, April 15th will be given a dividend of 0.15 per share on Tuesday, April 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.57%. The ex-dividend date is Friday, April 12th.

BlackRock ESG Capital Allocation Term Trust Price Performance

ECAT stock traded down $0.06 during mid-day trading on Wednesday, hitting $17.03. 44,586 shares of the company were exchanged, compared to its average volume of 261,075. The firm has a fifty day simple moving average of $16.90 and a 200 day simple moving average of $15.93. BlackRock ESG Capital Allocation Term Trust has a twelve month low of $14.02 and a twelve month high of $17.40.

Insider Buying and Selling at BlackRock ESG Capital Allocation Term Trust

In other BlackRock ESG Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. purchased 110,651 shares of the stock in a transaction dated Wednesday, March 27th. The shares were bought at an average cost of $17.23 per share, with a total value of $1,906,516.73. Following the completion of the acquisition, the insider now owns 28,293,362 shares of the company’s stock, valued at $487,494,627.26. The purchase was disclosed in a filing with the SEC, which is available through this link. In other BlackRock ESG Capital Allocation Term Trust news, Portfolio Manager Richard M. Rieder bought 7,000 shares of BlackRock ESG Capital Allocation Term Trust stock in a transaction that occurred on Friday, January 5th. The stock was purchased at an average cost of $16.20 per share, for a total transaction of $113,400.00. Following the completion of the acquisition, the portfolio manager now owns 105,730 shares of the company’s stock, valued at approximately $1,712,826. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Saba Capital Management, L.P. bought 110,651 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was bought at an average price of $17.23 per share, for a total transaction of $1,906,516.73. Following the completion of the acquisition, the insider now directly owns 28,293,362 shares in the company, valued at $487,494,627.26. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 2,313,732 shares of company stock worth $38,782,392.

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Term Trust

Institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted its position in BlackRock ESG Capital Allocation Term Trust by 1.7% in the 2nd quarter. Osaic Holdings Inc. now owns 45,490 shares of the company’s stock worth $712,000 after buying an additional 754 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in BlackRock ESG Capital Allocation Term Trust by 97.7% during the first quarter. Steward Partners Investment Advisory LLC now owns 5,394 shares of the company’s stock valued at $84,000 after purchasing an additional 2,665 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 4.5% in the first quarter. Ameriprise Financial Inc. now owns 132,926 shares of the company’s stock worth $2,075,000 after buying an additional 5,711 shares during the last quarter. Clough Capital Partners L P acquired a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the first quarter worth $169,000. Finally, Mariner LLC bought a new stake in shares of BlackRock ESG Capital Allocation Term Trust during the 4th quarter worth $146,000.

BlackRock ESG Capital Allocation Term Trust Company Profile

(Get Free Report)

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.

See Also

Dividend History for BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT)

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