BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Major Shareholder Purchases $1,271,962.40 in Stock

Posted by Defense World Staff on Nov 19th, 2023

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 82,864 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was purchased at an average price of $15.35 per share, with a total value of $1,271,962.40. Following the purchase, the insider now owns 19,420,083 shares in the company, valued at approximately $298,098,274.05. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major 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 Wednesday, November 15th, Saba Capital Management, L.P. acquired 189,575 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was purchased at an average price of $15.36 per share, with a total value of $2,911,872.00.
On Monday, November 13th, Saba Capital Management, L.P. acquired 301,375 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was purchased at an average price of $15.13 per share, with a total value of $4,559,803.75.
On Friday, November 10th, Saba Capital Management, L.P. acquired 42,717 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was purchased at an average price of $15.00 per share, with a total value of $640,755.00.
On Wednesday, November 8th, Saba Capital Management, L.P. acquired 302,069 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was purchased at an average price of $14.94 per share, with a total value of $4,512,910.86.
On Monday, November 6th, Saba Capital Management, L.P. purchased 7,210 shares of BlackRock ESG Capital Allocation Term Trust stock. The shares were bought at an average price of $14.85 per share, with a total value of $107,068.50.
On Friday, November 3rd, Saba Capital Management, L.P. purchased 129,364 shares of BlackRock ESG Capital Allocation Term Trust stock. The shares were bought at an average price of $14.87 per share, with a total value of $1,923,642.68.
On Wednesday, November 1st, Saba Capital Management, L.P. purchased 53,674 shares of BlackRock ESG Capital Allocation Term Trust stock. The shares were bought at an average price of $14.38 per share, with a total value of $771,832.12.
On Monday, October 30th, Saba Capital Management, L.P. purchased 79,757 shares of BlackRock ESG Capital Allocation Term Trust stock. The shares were bought at an average price of $14.15 per share, with a total value of $1,128,561.55.
On Friday, October 27th, Saba Capital Management, L.P. acquired 30,385 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was acquired 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. acquired 40,552 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was acquired at an average cost of $14.17 per share, with a total value of $574,621.84.

BlackRock ESG Capital Allocation Term Trust Price Performance

Shares of NYSE:ECAT opened at $15.38 on Friday. The firm has a fifty day moving average price of $14.77 and a two-hundred day moving average price of $15.28. BlackRock ESG Capital Allocation Term Trust has a one year low of $13.34 and a one year high of $16.10.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.125 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 9.75%. The ex-dividend date is Tuesday, November 14th.

Institutional Trading of BlackRock ESG Capital Allocation Term Trust

A number of hedge funds have recently made changes to their positions in ECAT. Envestnet Asset Management Inc. bought a new stake in shares of BlackRock ESG Capital Allocation Term Trust during the 2nd quarter worth $179,000. LPL Financial LLC purchased a new position in BlackRock ESG Capital Allocation Term Trust in the 2nd quarter worth $707,000. Wells Fargo & Company MN raised its position in BlackRock ESG Capital Allocation Term Trust by 24.2% in the 2nd quarter. Wells Fargo & Company MN now owns 411,641 shares of the company’s stock worth $5,890,000 after purchasing an additional 80,127 shares during the period. Citadel Advisors LLC raised its position in BlackRock ESG Capital Allocation Term Trust by 13.1% in the 2nd quarter. Citadel Advisors LLC now owns 108,557 shares of the company’s stock worth $1,553,000 after purchasing an additional 12,565 shares during the period. Finally, Royal Bank of Canada raised its position in BlackRock ESG Capital Allocation Term Trust by 31.4% in the 3rd quarter. Royal Bank of Canada now owns 417,564 shares of the company’s stock worth $5,349,000 after purchasing an additional 99,793 shares during the period.

About BlackRock ESG Capital Allocation Term Trust

(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.