Raymond James Financial Services Advisors Inc. Purchases 11,747 Shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT)

Posted by Defense World Staff on Nov 2nd, 2023

Raymond James Financial Services Advisors Inc. boosted its position in shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT – Free Report) by 69.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,771 shares of the company’s stock after purchasing an additional 11,747 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock ESG Capital Allocation Term Trust were worth $451,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its holdings 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 worth $32,000 after purchasing an additional 655 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in BlackRock ESG Capital Allocation Term Trust by 97.7% during the 1st 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 in the last quarter. Mariner LLC bought a new position in BlackRock ESG Capital Allocation Term Trust during the 4th quarter worth about $146,000. Captrust Financial Advisors bought a new position in BlackRock ESG Capital Allocation Term Trust during the 4th quarter worth about $165,000. Finally, Clough Capital Partners L P bought a new position in shares of BlackRock ESG Capital Allocation Term Trust in the 1st quarter valued at about $169,000.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. acquired 243,551 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was bought at an average price of $15.10 per share, for a total transaction of $3,677,620.10. Following the acquisition, the insider now directly owns 13,535,660 shares of the company’s stock, valued at $204,388,466. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 2,696,329 shares of company stock worth $39,815,769 in the last quarter.

BlackRock ESG Capital Allocation Term Trust Stock Performance

Shares of NYSE ECAT opened at $14.51 on Thursday. The business has a 50-day moving average of $14.83 and a 200-day moving average of $15.30. BlackRock ESG Capital Allocation Term Trust has a fifty-two week low of $13.06 and a fifty-two week high of $16.10.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were issued a $0.125 dividend. This represents a $1.50 annualized dividend and a dividend yield of 10.34%. The ex-dividend date of this dividend was Friday, October 13th.

BlackRock ESG Capital Allocation Term Trust Profile

(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.