Raymond James & Associates Buys 3,026 Shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT)

Raymond James & Associates grew its position in shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) by 24.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,503 shares of the company’s stock after acquiring an additional 3,026 shares during the quarter. Raymond James & Associates’ holdings in BlackRock ESG Capital Allocation Term Trust were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ECAT. Park Avenue Securities LLC purchased a new position in BlackRock ESG Capital Allocation Term Trust in the third quarter worth $152,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of BlackRock ESG Capital Allocation Term Trust in the 3rd quarter worth about $181,000. Carmel Capital Partners LLC bought a new position in BlackRock ESG Capital Allocation Term Trust during the third quarter valued at about $240,000. Fountainhead AM LLC purchased a new stake in BlackRock ESG Capital Allocation Term Trust during the third quarter worth about $253,000. Finally, Oppenheimer & Co. Inc. raised its position in BlackRock ESG Capital Allocation Term Trust by 3.4% in the third quarter. Oppenheimer & Co. Inc. now owns 22,782 shares of the company’s stock worth $337,000 after acquiring an additional 758 shares during the period.

Insider Activity

In other BlackRock ESG Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. bought 72,027 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was purchased at an average price of $16.48 per share, for a total transaction of $1,187,004.96. Following the completion of the transaction, the insider now directly owns 25,552,329 shares of the company’s stock, valued at $421,102,381.92. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders have bought 1,610,112 shares of company stock valued at $27,193,959 in the last 90 days.

BlackRock ESG Capital Allocation Term Trust Trading Up 0.6 %

ECAT opened at $16.29 on Tuesday. The company’s 50-day moving average price is $16.81 and its two-hundred day moving average price is $16.15. BlackRock ESG Capital Allocation Term Trust has a twelve month low of $14.02 and a twelve month high of $17.40.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a $0.15 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.80 annualized dividend and a dividend yield of 11.05%.

About BlackRock ESG Capital Allocation Term Trust

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.