BlackRock ESG Capital Allocation Term Trust $ECAT Shares Sold by Saba Capital Management L.P.

Saba Capital Management L.P. reduced its holdings in shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) by 16.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 22,022,163 shares of the company’s stock after selling 4,314,094 shares during the period. BlackRock ESG Capital Allocation Term Trust makes up 8.3% of Saba Capital Management L.P.’s holdings, making the stock its 2nd biggest holding. Saba Capital Management L.P.’s holdings in BlackRock ESG Capital Allocation Term Trust were worth $299,061,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. PNC Financial Services Group Inc. bought a new position in BlackRock ESG Capital Allocation Term Trust in the third quarter valued at about $49,000. Geneos Wealth Management Inc. lifted its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 630.3% in the second quarter. Geneos Wealth Management Inc. now owns 3,155 shares of the company’s stock worth $51,000 after acquiring an additional 2,723 shares during the last quarter. Tucker Asset Management LLC bought a new position in shares of BlackRock ESG Capital Allocation Term Trust in the fourth quarter worth about $53,000. Triumph Capital Management acquired a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the 3rd quarter valued at approximately $62,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the 4th quarter valued at approximately $65,000.

BlackRock ESG Capital Allocation Term Trust Stock Up 0.6%

Shares of BlackRock ESG Capital Allocation Term Trust stock opened at $15.13 on Tuesday. The firm’s 50 day moving average is $15.50 and its 200 day moving average is $15.10. BlackRock ESG Capital Allocation Term Trust has a 1 year low of $13.36 and a 1 year high of $17.14.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.2688 per share. This represents a c) dividend on an annualized basis and a dividend yield of 21.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.