Raymond James & Associates Grows Position in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT)

Raymond James & Associates raised its stake in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) by 24.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,503 shares of the company’s stock after acquiring an additional 3,026 shares during the period. Raymond James & Associates’ holdings in BlackRock ESG Capital Allocation Term Trust were worth $250,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Saba Capital Management L.P. grew its position in shares of BlackRock ESG Capital Allocation Term Trust by 15.7% during the third quarter. Saba Capital Management L.P. now owns 15,335,732 shares of the company’s stock valued at $226,815,000 after purchasing an additional 2,077,944 shares in the last quarter. UBS Group AG grew its holdings in BlackRock ESG Capital Allocation Term Trust by 18.1% during the 3rd quarter. UBS Group AG now owns 802,110 shares of the company’s stock valued at $11,863,000 after buying an additional 123,201 shares in the last quarter. City of London Investment Management Co. Ltd. increased its stake in BlackRock ESG Capital Allocation Term Trust by 1.2% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 491,672 shares of the company’s stock worth $7,272,000 after acquiring an additional 5,841 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 27.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 473,449 shares of the company’s stock worth $7,002,000 after acquiring an additional 101,079 shares in the last quarter. Finally, Advisor Partners II LLC bought a new position in shares of BlackRock ESG Capital Allocation Term Trust during the 3rd quarter valued at approximately $5,594,000.

BlackRock ESG Capital Allocation Term Trust Stock Performance

Shares of ECAT opened at $16.29 on Tuesday. The company’s fifty day moving average is $16.81 and its 200 day moving average is $16.15. BlackRock ESG Capital Allocation Term Trust has a fifty-two week low of $14.02 and a fifty-two week high of $17.40.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a $0.15 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.05%.

Insider Transactions at BlackRock ESG Capital Allocation Term Trust

In other BlackRock ESG Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. purchased 55,980 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was purchased at an average price of $17.34 per share, with a total value of $970,693.20. Following the acquisition, the insider now owns 28,552,727 shares in the company, valued at $495,104,286.18. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired a total of 1,610,112 shares of company stock worth $27,193,959 in the last three months.

BlackRock ESG Capital Allocation Term Trust Profile

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.