Saba Capital Management, L.P. Buys 189,575 Shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) 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. bought 189,575 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average price of $15.36 per share, with a total value of $2,911,872.00. Following the completion of the acquisition, the insider now owns 19,215,105 shares of the company’s stock, valued at $295,144,012.80. The purchase was disclosed in a filing with the SEC, which is available 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, November 17th, Saba Capital Management, L.P. bought 82,864 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was purchased at an average price of $15.35 per share, with a total value of $1,271,962.40.
On Monday, November 13th, Saba Capital Management, L.P. purchased 301,375 shares of BlackRock ESG Capital Allocation Term Trust stock. The shares were bought 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. purchased 42,717 shares of BlackRock ESG Capital Allocation Term Trust stock. The shares were bought 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. purchased 302,069 shares of BlackRock ESG Capital Allocation Term Trust stock. The shares were bought 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 shares were acquired at an average cost of $14.11 per share, for a total transaction 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 shares were acquired at an average cost of $14.17 per share, for a total transaction of $574,621.84.

BlackRock ESG Capital Allocation Term Trust Stock Up 0.3 %

Shares of ECAT opened at $15.38 on Friday. The firm’s 50 day moving average price is $14.77 and its 200 day moving average price is $15.28. BlackRock ESG Capital Allocation Term Trust has a twelve month low of $13.34 and a twelve month high of $16.10.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

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

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Term Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. raised its position in BlackRock ESG Capital Allocation Term Trust by 47.5% during the first quarter. Bessemer Group Inc. now owns 2,034 shares of the company’s stock valued at $32,000 after acquiring an additional 655 shares in the last quarter. Creative Planning raised its position in shares of BlackRock ESG Capital Allocation Term Trust by 4.5% in the second quarter. Creative Planning now owns 16,788 shares of the company’s stock valued at $263,000 after purchasing an additional 722 shares during the period. Osaic Holdings Inc. raised its position in shares of BlackRock ESG Capital Allocation Term Trust by 1.7% in the second quarter. Osaic Holdings Inc. now owns 45,490 shares of the company’s stock valued at $712,000 after purchasing an additional 754 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of 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 valued at $337,000 after purchasing an additional 758 shares during the period. Finally, Dakota Wealth Management raised its position in shares of BlackRock ESG Capital Allocation Term Trust by 3.8% in the second quarter. Dakota Wealth Management now owns 40,605 shares of the company’s stock valued at $636,000 after purchasing an additional 1,490 shares during the period.

BlackRock ESG Capital Allocation Term Trust Company Profile

(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.