Creative Planning Purchases 722 Shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT)

Posted by Defense World Staff on Oct 24th, 2023

Creative Planning lifted its position in shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT – Free Report) by 4.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 16,788 shares of the company’s stock after buying an additional 722 shares during the quarter. Creative Planning’s holdings in BlackRock ESG Capital Allocation Term Trust were worth $263,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ECAT. Bessemer Group Inc. boosted its holdings in BlackRock ESG Capital Allocation Term Trust by 47.5% in the first quarter. Bessemer Group Inc. now owns 2,034 shares of the company’s stock worth $32,000 after purchasing an additional 655 shares during the last quarter. Steward Partners Investment Advisory LLC boosted 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 worth $84,000 after purchasing an additional 2,665 shares during the last quarter. Clough Capital Partners L P purchased a new stake in BlackRock ESG Capital Allocation Term Trust in the first quarter worth approximately $169,000. Mariner LLC purchased a new stake in BlackRock ESG Capital Allocation Term Trust in the fourth quarter worth approximately $146,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of BlackRock ESG Capital Allocation Term Trust during the 1st quarter worth $181,000.

BlackRock ESG Capital Allocation Term Trust Stock Performance

Shares of BlackRock ESG Capital Allocation Term Trust stock opened at $14.29 on Tuesday. The company’s fifty day simple moving average is $14.96 and its 200-day simple moving average is $15.36. BlackRock ESG Capital Allocation Term Trust has a 1-year low of $13.06 and a 1-year high of $16.10.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The firm 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. This represents a $1.50 annualized dividend and a dividend yield of 10.50%. The ex-dividend date of this dividend is Friday, October 13th.

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 12,498 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were acquired at an average price of $15.05 per share, for a total transaction of $188,094.90. Following the purchase, the insider now directly owns 13,292,109 shares of the company’s stock, valued at approximately $200,046,240.45. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired 2,545,635 shares of company stock worth $37,683,854 in the last 90 days.

About BlackRock ESG Capital Allocation Term Trust

(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.