Envestnet Asset Management Inc. Invests $746,000 in BlackRock ESG Capital Allocation Term Trust $ECAT

Envestnet Asset Management Inc. bought a new position in shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 45,460 shares of the company’s stock, valued at approximately $746,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in BlackRock ESG Capital Allocation Term Trust during the 1st quarter worth approximately $340,000. Wedbush Securities Inc. increased its stake in shares of BlackRock ESG Capital Allocation Term Trust by 36.3% in the second quarter. Wedbush Securities Inc. now owns 43,535 shares of the company’s stock worth $699,000 after acquiring an additional 11,591 shares during the period. Penserra Capital Management LLC raised its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 3.0% during the second quarter. Penserra Capital Management LLC now owns 1,086,882 shares of the company’s stock worth $17,455,000 after purchasing an additional 32,103 shares during the last quarter. Fountainhead AM LLC boosted its holdings in BlackRock ESG Capital Allocation Term Trust by 5.0% in the second quarter. Fountainhead AM LLC now owns 15,850 shares of the company’s stock valued at $255,000 after purchasing an additional 750 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in BlackRock ESG Capital Allocation Term Trust during the 2nd quarter worth about $340,000.

BlackRock ESG Capital Allocation Term Trust Trading Down 0.9%

NYSE ECAT opened at $14.83 on Thursday. The stock has a 50-day simple moving average of $15.44 and a two-hundred day simple moving average of $15.94. BlackRock ESG Capital Allocation Term Trust has a fifty-two week low of $13.35 and a fifty-two week high of $17.14.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.2733 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 22.1%.

BlackRock ESG Capital Allocation Term Trust Profile

BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) is a closed-end management investment company sponsored by BlackRock, Inc The trust seeks to provide investors with a combination of current income and capital appreciation through a diversified portfolio of equity and fixed-income securities. ECAT’s investment strategy integrates environmental, social and governance (ESG) criteria into the selection process, targeting companies whose business practices align with sustainable outcomes while aiming to manage risk and enhance long-term returns.

The fund’s portfolio is constructed and managed by BlackRock Investment Management, LLC, leveraging the firm’s global research capabilities and proprietary ESG analytics.