BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its holdings in shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 429,145 shares of the company’s stock after selling 9,733 shares during the quarter. Wells Fargo & Company MN’s holdings in BlackRock ESG Capital Allocation Term Trust were worth $7,038,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. IFP Advisors Inc acquired a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the fourth quarter valued at $36,000. Truist Financial Corp increased its stake in shares of BlackRock ESG Capital Allocation Term Trust by 31.0% during the fourth quarter. Truist Financial Corp now owns 36,100 shares of the company’s stock worth $592,000 after buying an additional 8,551 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in BlackRock ESG Capital Allocation Term Trust by 5.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 14,054 shares of the company’s stock valued at $230,000 after acquiring an additional 666 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of BlackRock ESG Capital Allocation Term Trust during the 4th quarter worth $74,000. Finally, Private Advisor Group LLC acquired a new position in shares of BlackRock ESG Capital Allocation Term Trust during the 4th quarter worth about $178,000.

BlackRock ESG Capital Allocation Term Trust Trading Down 0.5 %

Shares of BlackRock ESG Capital Allocation Term Trust stock opened at $14.50 on Friday. The firm’s 50 day moving average is $15.92 and its two-hundred day moving average is $16.71. BlackRock ESG Capital Allocation Term Trust has a 52 week low of $13.35 and a 52 week high of $18.14.

BlackRock ESG Capital Allocation Term Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.3036 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 25.12%. The ex-dividend date is Tuesday, April 15th.

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.