Saba Capital Management, L.P. Buys 79,757 Shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Stock

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) major shareholder Saba Capital Management, L.P. bought 79,757 shares of BlackRock ESG Capital Allocation Term Trust stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average cost of $14.15 per share, with a total value of $1,128,561.55. Following the completion of the purchase, the insider now owns 17,655,555 shares in the company, valued at approximately $249,826,103.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, October 27th, Saba Capital Management, L.P. bought 30,385 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was bought at an average cost of $14.11 per share, with a total value of $428,732.35.
• On Wednesday, October 25th, Saba Capital Management, L.P. bought 40,552 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was bought at an average cost of $14.17 per share, with a total value of $574,621.84.
• On Monday, October 23rd, Saba Capital Management, L.P. bought 100,000 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was bought at an average cost of $14.30 per share, with a total value of $1,430,000.00.
• On Friday, October 20th, Saba Capital Management, L.P. bought 10,017 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was bought at an average cost of $14.32 per share, with a total value of $143,443.44.
• On Wednesday, October 18th, Saba Capital Management, L.P. acquired 163,226 shares of BlackRock ESG Capital Allocation Term Trust stock. The shares were acquired at an average price of $14.47 per share, with a total value of $2,361,880.22.
• On Monday, October 16th, Saba Capital Management, L.P. acquired 322,194 shares of BlackRock ESG Capital Allocation Term Trust stock. The shares were acquired at an average price of $14.79 per share, with a total value of $4,765,249.26.
• On Friday, October 13th, Saba Capital Management, L.P. acquired 42,885 shares of BlackRock ESG Capital Allocation Term Trust stock. The shares were acquired at an average price of $14.72 per share, with a total value of $631,267.20.
• On Wednesday, October 11th, Saba Capital Management, L.P. acquired 77,970 shares of BlackRock ESG Capital Allocation Term Trust stock. The shares were acquired at an average price of $14.85 per share, with a total value of $1,157,854.50.
• On Monday, October 9th, Saba Capital Management, L.P. bought 30,730 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was purchased at an average cost of $14.81 per share, for a total transaction of $455,111.30.
• On Friday, October 6th, Saba Capital Management, L.P. bought 145,133 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was purchased at an average cost of $14.72 per share, for a total transaction of $2,136,357.76.

BlackRock ESG Capital Allocation Term Trust Stock Up 1.5 %

Shares of ECAT stock opened at $14.51 on Thursday. The firm’s 50-day moving average is $14.83 and its 200-day moving average is $15.30. BlackRock ESG Capital Allocation Term Trust has a 52-week low of $13.06 and a 52-week high of $16.10.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, October 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 10.34%.

Institutional Investors Weigh In On BlackRock ESG Capital Allocation Term Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley raised its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 20.9% in the 4th quarter. Morgan Stanley now owns 5,728,784 shares of the company’s stock valued at $76,938,000 after purchasing an additional 992,116 shares during the period. Sit Investment Associates Inc. raised its holdings in BlackRock ESG Capital Allocation Term Trust by 64.4% in the 2nd quarter. Sit Investment Associates Inc. now owns 1,781,941 shares of the company’s stock valued at $27,905,000 after acquiring an additional 697,851 shares during the period. Woodline Partners LP raised its holdings in BlackRock ESG Capital Allocation Term Trust by 17.1% in the 2nd quarter. Woodline Partners LP now owns 936,107 shares of the company’s stock valued at $14,659,000 after acquiring an additional 136,602 shares during the period. Bank of America Corp DE raised its holdings in BlackRock ESG Capital Allocation Term Trust by 32.5% in the 4th quarter. Bank of America Corp DE now owns 897,956 shares of the company’s stock valued at $12,060,000 after acquiring an additional 220,320 shares during the period. Finally, UBS Group AG raised its holdings in BlackRock ESG Capital Allocation Term Trust by 45.2% in the 1st quarter. UBS Group AG now owns 696,753 shares of the company’s stock valued at $10,876,000 after acquiring an additional 217,036 shares during the period.

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.