BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Major Shareholder Saba Capital Management, L.P. Buys 30,730 Shares of Stock

Posted by on Oct 11th, 2023

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 30,730 shares of the stock in a transaction on Monday, October 9th. The stock was bought at an average price of $14.81 per share, for a total transaction of $455,111.30. Following the completion of the transaction, the insider now directly owns 15,916,745 shares of the company’s stock, valued at $235,726,993.45. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more 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, October 6th, Saba Capital Management, L.P. bought 145,133 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was purchased at an average price of $14.72 per share, for a total transaction of $2,136,357.76.
  • On Wednesday, October 4th, Saba Capital Management, L.P. bought 194,681 shares of BlackRock ESG Capital Allocation Term Trust stock. The shares were purchased at an average price of $14.54 per share, with a total value of $2,830,661.74.
  • On Monday, October 2nd, Saba Capital Management, L.P. purchased 88,457 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was purchased at an average price of $14.81 per share, for a total transaction of $1,310,048.17.
  • On Friday, September 29th, Saba Capital Management, L.P. acquired 133,755 shares of BlackRock ESG Capital Allocation Term Trust stock. The shares were purchased at an average cost of $14.87 per share, for a total transaction of $1,988,936.85.
  • On Wednesday, September 27th, Saba Capital Management, L.P. bought 442,590 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was purchased at an average price of $14.60 per share, with a total value of $6,461,814.00.
  • On Monday, September 25th, Saba Capital Management, L.P. purchased 74,372 shares of BlackRock ESG Capital Allocation Term Trust stock. The shares were acquired at an average price of $14.78 per share, for a total transaction of $1,099,218.16.
  • On Friday, September 22nd, Saba Capital Management, L.P. acquired 600 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was acquired at an average price of $14.68 per share, with a total value of $8,808.00.
  • On Wednesday, September 20th, Saba Capital Management, L.P. acquired 1,271 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was acquired at an average cost of $15.10 per share, for a total transaction of $19,192.10.
  • On Monday, September 18th, Saba Capital Management, L.P. bought 6,309 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was acquired at an average price of $15.01 per share, with a total value of $94,698.09.
  • On Thursday, September 14th, Saba Capital Management, L.P. purchased 86,065 shares of BlackRock ESG Capital Allocation Term Trust stock. The shares were bought at an average price of $15.05 per share, for a total transaction of $1,295,278.25.

BlackRock ESG Capital Allocation Term Trust Stock Performance

ECAT opened at $14.81 on Wednesday. BlackRock ESG Capital Allocation Term Trust has a 1-year low of $12.74 and a 1-year high of $16.10. The firm has a 50-day moving average price of $15.17 and a two-hundred day moving average price of $15.39.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $1.50 annualized dividend and a dividend yield of 10.13%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. lifted its position in BlackRock ESG Capital Allocation Term Trust by 47.5% during the 1st quarter. Bessemer Group Inc. now owns 2,034 shares of the company’s stock valued at $32,000 after purchasing an additional 655 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in BlackRock ESG Capital Allocation Term Trust by 97.7% in the first quarter. Steward Partners Investment Advisory LLC now owns 5,394 shares of the company’s stock valued at $84,000 after buying an additional 2,665 shares during the period. Mariner LLC acquired a new position in BlackRock ESG Capital Allocation Term Trust in the fourth quarter valued at approximately $146,000. Captrust Financial Advisors bought a new position in BlackRock ESG Capital Allocation Term Trust in the fourth quarter valued at approximately $165,000. Finally, Clough Capital Partners L P acquired a new stake in BlackRock ESG Capital Allocation Term Trust during the 1st quarter worth $169,000.

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.

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Insider Buying and Selling by Quarter for BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT)

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