BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Major Shareholder Buys $698,656.29 in Stock

Posted by Michael Baxter on Mar 28th, 2024

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 40,881 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was bought at an average price of $17.09 per share, for a total transaction of $698,656.29. Following the acquisition, the insider now owns 28,084,397 shares in the company, valued at $479,962,344.73. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Friday, March 22nd, Saba Capital Management, L.P. purchased 35,187 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was bought at an average price of $17.02 per share, for a total transaction of $598,882.74.
On Wednesday, March 20th, Saba Capital Management, L.P. bought 107,194 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was acquired at an average cost of $16.86 per share, for a total transaction of $1,807,290.84.
On Monday, March 18th, Saba Capital Management, L.P. purchased 77,855 shares of BlackRock ESG Capital Allocation Term Trust stock. The shares were purchased at an average cost of $16.68 per share, for a total transaction of $1,298,621.40.
On Monday, March 11th, Saba Capital Management, L.P. purchased 73,028 shares of BlackRock ESG Capital Allocation Term Trust stock. The shares were purchased at an average cost of $17.05 per share, for a total transaction of $1,245,127.40.
On Thursday, March 7th, Saba Capital Management, L.P. purchased 36,450 shares of BlackRock ESG Capital Allocation Term Trust stock. The shares were purchased at an average cost of $17.08 per share, for a total transaction of $622,566.00.
On Thursday, February 29th, Saba Capital Management, L.P. purchased 49,946 shares of BlackRock ESG Capital Allocation Term Trust stock. The shares were purchased at an average cost of $17.13 per share, for a total transaction of $855,574.98.
On Monday, February 26th, Saba Capital Management, L.P. bought 246,840 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was bought at an average cost of $17.08 per share, with a total value of $4,216,027.20.
On Thursday, February 22nd, Saba Capital Management, L.P. bought 43,233 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was bought at an average cost of $16.96 per share, with a total value of $733,231.68.
On Tuesday, February 20th, Saba Capital Management, L.P. bought 91,079 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was bought at an average cost of $16.66 per share, with a total value of $1,517,376.14.
On Friday, February 16th, Saba Capital Management, L.P. purchased 25,699 shares of BlackRock ESG Capital Allocation Term Trust stock. The stock was acquired at an average cost of $16.70 per share, with a total value of $429,173.30.

BlackRock ESG Capital Allocation Term Trust Stock Up 1.1 %

NYSE ECAT opened at $17.30 on Thursday. The company has a 50-day simple moving average of $16.82 and a 200-day simple moving average of $15.86. BlackRock ESG Capital Allocation Term Trust has a one year low of $14.02 and a one year high of $17.31.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a yield of 10.40%. The ex-dividend date of this dividend is Thursday, March 14th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Saba Capital Management L.P. lifted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 15.7% in the 3rd quarter. Saba Capital Management L.P. now owns 15,335,732 shares of the company’s stock worth $226,815,000 after acquiring an additional 2,077,944 shares during the period. Pathstone Holdings LLC acquired a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the 4th quarter worth approximately $18,968,000. Morgan Stanley lifted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 20.9% in the 4th quarter. Morgan Stanley now owns 5,728,784 shares of the company’s stock worth $76,938,000 after acquiring an additional 992,116 shares during the period. Advisor Partners II LLC acquired a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the 3rd quarter worth approximately $5,594,000. Finally, Logan Stone Capital LLC acquired a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the 4th quarter worth approximately $4,834,000.

About BlackRock ESG Capital Allocation Term Trust

(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.