Saba Capital Management, L.P. Buys 78,467 Shares of BlackRock ESG Capital Allocation Trust (NYSE:ECAT) Stock

Posted by Defense World Staff on May 21st, 2023

BlackRock ESG Capital Allocation Trust (NYSE:ECAT – Get Rating) major shareholder Saba Capital Management, L.P. purchased 78,467 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were purchased at an average cost of $15.43 per share, for a total transaction of $1,210,745.81. Following the completion of the transaction, the insider now directly owns 11,538,331 shares of the company’s stock, valued at approximately $178,036,447.33. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock 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, May 15th, Saba Capital Management, L.P. acquired 21,659 shares of BlackRock ESG Capital Allocation Trust stock. The stock was bought at an average price of $15.28 per share, for a total transaction of $330,949.52.
On Thursday, May 11th, Saba Capital Management, L.P. acquired 40,725 shares of BlackRock ESG Capital Allocation Trust stock. The stock was bought at an average price of $15.50 per share, for a total transaction of $631,237.50.
On Monday, May 8th, Saba Capital Management, L.P. purchased 66,388 shares of BlackRock ESG Capital Allocation Trust stock. The stock was acquired at an average price of $15.56 per share, for a total transaction of $1,032,997.28.
On Friday, May 5th, Saba Capital Management, L.P. purchased 49,711 shares of BlackRock ESG Capital Allocation Trust stock. The stock was acquired at an average price of $15.53 per share, for a total transaction of $772,011.83.
On Wednesday, May 3rd, Saba Capital Management, L.P. purchased 4,395 shares of BlackRock ESG Capital Allocation Trust stock. The stock was acquired at an average price of $15.51 per share, for a total transaction of $68,166.45.
On Monday, May 1st, Saba Capital Management, L.P. purchased 58,063 shares of BlackRock ESG Capital Allocation Trust stock. The stock was acquired at an average price of $15.56 per share, for a total transaction of $903,460.28.
On Thursday, April 27th, Saba Capital Management, L.P. purchased 65,194 shares of BlackRock ESG Capital Allocation Trust stock. The stock was acquired at an average price of $15.24 per share, for a total transaction of $993,556.56.

BlackRock ESG Capital Allocation Trust Stock Performance

ECAT stock opened at $15.44 on Friday. BlackRock ESG Capital Allocation Trust has a 52 week low of $12.74 and a 52 week high of $15.67. The company’s 50-day simple moving average is $15.17 and its 200 day simple moving average is $14.55.

BlackRock ESG Capital Allocation Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, May 12th. This represents a $1.50 dividend on an annualized basis and a yield of 9.72%.

Institutional Investors Weigh In On BlackRock ESG Capital Allocation Trust

Large investors have recently bought and sold shares of the company. Calton & Associates Inc. grew its stake in BlackRock ESG Capital Allocation Trust by 34.9% during the fourth quarter. Calton & Associates Inc. now owns 22,722 shares of the company’s stock worth $305,000 after buying an additional 5,883 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of BlackRock ESG Capital Allocation Trust by 23.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 105,985 shares of the company’s stock worth $1,358,000 after acquiring an additional 20,003 shares during the last quarter. Matisse Capital lifted its holdings in shares of BlackRock ESG Capital Allocation Trust by 9.9% in the third quarter. Matisse Capital now owns 100,000 shares of the company’s stock worth $1,281,000 after acquiring an additional 9,000 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of BlackRock ESG Capital Allocation Trust in the third quarter worth about $156,000. Finally, Saba Capital Management L.P. lifted its holdings in shares of BlackRock ESG Capital Allocation Trust by 282.6% in the third quarter. Saba Capital Management L.P. now owns 3,502,627 shares of the company’s stock worth $44,869,000 after acquiring an additional 2,587,130 shares during the last quarter.

BlackRock ESG Capital Allocation Trust Company Profile

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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.