Formidable Asset Management LLC Purchases 69,357 Shares of BlackRock ESG Capital Allocation Term Trust $ECAT

Formidable Asset Management LLC raised its position in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) by 30.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,548 shares of the company’s stock after buying an additional 69,357 shares during the quarter. BlackRock ESG Capital Allocation Term Trust accounts for 0.7% of Formidable Asset Management LLC’s holdings, making the stock its 27th biggest holding. Formidable Asset Management LLC’s holdings in BlackRock ESG Capital Allocation Term Trust were worth $4,847,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in shares of BlackRock ESG Capital Allocation Term Trust during the first quarter worth $340,000. Cetera Investment Advisers acquired a new position in shares of BlackRock ESG Capital Allocation Term Trust in the second quarter valued at about $340,000. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in shares of BlackRock ESG Capital Allocation Term Trust in the second quarter valued at about $671,000. Ameriprise Financial Inc. increased its position in BlackRock ESG Capital Allocation Term Trust by 72.7% during the second quarter. Ameriprise Financial Inc. now owns 452,028 shares of the company’s stock worth $7,260,000 after acquiring an additional 190,270 shares during the period. Finally, Bank of America Corp DE increased its position in BlackRock ESG Capital Allocation Term Trust by 23.7% during the second quarter. Bank of America Corp DE now owns 739,424 shares of the company’s stock worth $11,875,000 after acquiring an additional 141,566 shares during the period.

BlackRock ESG Capital Allocation Term Trust Trading Down 0.2%

Shares of BlackRock ESG Capital Allocation Term Trust stock opened at $13.86 on Friday. BlackRock ESG Capital Allocation Term Trust has a twelve month low of $13.35 and a twelve month high of $17.14. The company has a 50-day simple moving average of $14.74 and a two-hundred day simple moving average of $15.57.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.2733 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 23.7%. The ex-dividend date is Monday, June 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.