BlackRock ESG Capital Allocation Trust (NYSE:ECAT) Major Shareholder Saba Capital Management, L.P. Buys 34,855 Shares of Stock

Posted by Defense World Staff on May 24th, 2023

BlackRock ESG Capital Allocation Trust (NYSE:ECAT – Get Rating) major shareholder Saba Capital Management, L.P. acquired 34,855 shares of BlackRock ESG Capital Allocation Trust stock in a transaction on Friday, May 19th. The stock was purchased at an average cost of $15.49 per share, for a total transaction of $539,903.95. Following the purchase, the insider now owns 11,610,199 shares in the company, valued at $179,841,982.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Wednesday, May 17th, Saba Capital Management, L.P. acquired 78,467 shares of BlackRock ESG Capital Allocation Trust stock. The stock was purchased at an average cost of $15.43 per share, for a total transaction of $1,210,745.81.
On Monday, May 15th, Saba Capital Management, L.P. acquired 21,659 shares of BlackRock ESG Capital Allocation Trust stock. The stock was purchased at an average cost 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 purchased at an average cost of $15.50 per share, for a total transaction of $631,237.50.
On Monday, May 8th, Saba Capital Management, L.P. acquired 66,388 shares of BlackRock ESG Capital Allocation Trust stock. The stock was purchased at an average cost of $15.56 per share, for a total transaction of $1,032,997.28.
On Friday, May 5th, Saba Capital Management, L.P. acquired 49,711 shares of BlackRock ESG Capital Allocation Trust stock. The stock was purchased at an average cost of $15.53 per share, for a total transaction of $772,011.83.
On Wednesday, May 3rd, Saba Capital Management, L.P. bought 4,395 shares of BlackRock ESG Capital Allocation Trust stock. The shares were bought at an average cost of $15.51 per share, for a total transaction of $68,166.45.
On Monday, May 1st, Saba Capital Management, L.P. bought 58,063 shares of BlackRock ESG Capital Allocation Trust stock. The shares were bought at an average cost of $15.56 per share, for a total transaction of $903,460.28.
On Thursday, April 27th, Saba Capital Management, L.P. bought 65,194 shares of BlackRock ESG Capital Allocation Trust stock. The shares were bought at an average cost of $15.24 per share, for a total transaction of $993,556.56.

BlackRock ESG Capital Allocation Trust Price Performance

NYSE ECAT opened at $15.20 on Wednesday. The business’s 50 day moving average price is $15.21 and its 200-day moving average price is $14.59. BlackRock ESG Capital Allocation Trust has a fifty-two week low of $12.74 and a fifty-two week high of $15.67.

BlackRock ESG Capital Allocation Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th will be given a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a dividend yield of 9.87%. The ex-dividend date of this dividend is Friday, May 12th.

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Trust

Several large investors have recently modified their holdings of the stock. Bessemer Group Inc. increased its position in shares of BlackRock ESG Capital Allocation Trust by 47.5% during the 1st quarter. Bessemer Group Inc. now owns 2,034 shares of the company’s stock valued at $32,000 after purchasing an additional 655 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in BlackRock ESG Capital Allocation Trust by 4.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 39,665 shares of the company’s stock valued at $619,000 after acquiring an additional 1,835 shares during the period. Truist Financial Corp boosted its holdings in BlackRock ESG Capital Allocation Trust by 6.8% during the 1st quarter. Truist Financial Corp now owns 31,186 shares of the company’s stock valued at $487,000 after acquiring an additional 1,986 shares during the period. Raymond James & Associates boosted its holdings in BlackRock ESG Capital Allocation Trust by 7.2% during the 1st quarter. Raymond James & Associates now owns 32,416 shares of the company’s stock valued at $506,000 after acquiring an additional 2,186 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in BlackRock ESG Capital Allocation Trust by 97.7% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 5,394 shares of the company’s stock valued at $84,000 after acquiring an additional 2,665 shares during the period.

About BlackRock ESG Capital Allocation Trust

(Get Rating)

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.