BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its position in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) by 43.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,025 shares of the company’s stock after selling 12,095 shares during the quarter. PNC Financial Services Group Inc.’s holdings in BlackRock ESG Capital Allocation Term Trust were worth $253,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ECAT. CF Capital LLC acquired a new stake in BlackRock ESG Capital Allocation Term Trust during the 4th quarter worth $7,485,000. Calton & Associates Inc. raised its stake in BlackRock ESG Capital Allocation Term Trust by 1,425.4% during the 1st quarter. Calton & Associates Inc. now owns 215,453 shares of the company’s stock worth $3,398,000 after acquiring an additional 201,329 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in BlackRock ESG Capital Allocation Term Trust during the 4th quarter worth $3,258,000. Formidable Asset Management LLC acquired a new stake in BlackRock ESG Capital Allocation Term Trust during the 1st quarter worth $2,235,000. Finally, Bank of America Corp DE raised its stake in BlackRock ESG Capital Allocation Term Trust by 19.6% during the 4th quarter. Bank of America Corp DE now owns 589,867 shares of the company’s stock worth $9,674,000 after acquiring an additional 96,731 shares in the last quarter.

BlackRock ESG Capital Allocation Term Trust Trading Down 2.1%

Shares of NYSE:ECAT opened at $16.63 on Friday. The company’s fifty day moving average price is $16.24 and its 200 day moving average price is $16.00. BlackRock ESG Capital Allocation Term Trust has a 12 month low of $13.35 and a 12 month high of $18.09.

BlackRock ESG Capital Allocation Term Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a $0.2902 dividend. The ex-dividend date is Friday, August 15th. This represents a c) dividend on an annualized basis and a yield of 20.9%.

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.