Private Management Group Inc. Reduces Holdings in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT)

Private Management Group Inc. trimmed its position in shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 215,571 shares of the company’s stock after selling 3,683 shares during the quarter. Private Management Group Inc.’s holdings in BlackRock ESG Capital Allocation Term Trust were worth $3,477,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in ECAT. Park Avenue Securities LLC purchased a new position in shares of BlackRock ESG Capital Allocation Term Trust during the 3rd quarter worth $152,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of BlackRock ESG Capital Allocation Term Trust during the 3rd quarter valued at about $181,000. Carmel Capital Partners LLC acquired a new position in shares of BlackRock ESG Capital Allocation Term Trust during the 3rd quarter valued at about $240,000. Raymond James & Associates boosted its position in shares of BlackRock ESG Capital Allocation Term Trust by 24.3% during the 4th quarter. Raymond James & Associates now owns 15,503 shares of the company’s stock valued at $250,000 after acquiring an additional 3,026 shares during the last quarter. Finally, Fountainhead AM LLC acquired a new position in shares of BlackRock ESG Capital Allocation Term Trust during the 3rd quarter valued at about $253,000.

BlackRock ESG Capital Allocation Term Trust Trading Up 0.1 %

NYSE ECAT traded up $0.01 during trading hours on Wednesday, reaching $16.25. The company had a trading volume of 125,953 shares, compared to its average volume of 247,449. The stock has a 50-day moving average of $16.85 and a 200 day moving average of $16.11. BlackRock ESG Capital Allocation Term Trust has a 1-year low of $14.02 and a 1-year high of $17.40.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, April 12th. This represents a $1.80 annualized dividend and a dividend yield of 11.08%.

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 140,097 shares of BlackRock ESG Capital Allocation Term Trust stock in a transaction dated Monday, January 29th. The shares were acquired at an average price of $16.80 per share, with a total value of $2,353,629.60. Following the completion of the transaction, the insider now owns 25,480,302 shares of the company’s stock, valued at $428,069,073.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have acquired 1,947,860 shares of company stock valued at $32,846,384.

BlackRock ESG Capital Allocation Term Trust Profile

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.