Wealth Effects LLC Takes Position in BlackRock ESG Capital Allocation Term Trust $ECAT

Wealth Effects LLC acquired a new stake in shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,310 shares of the company’s stock, valued at approximately $520,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ECAT. Royal Bank of Canada grew its position in BlackRock ESG Capital Allocation Term Trust by 14.4% in the 4th quarter. Royal Bank of Canada now owns 1,213,175 shares of the company’s stock worth $18,659,000 after purchasing an additional 152,844 shares during the period. Invesco Ltd. lifted its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 0.3% during the 3rd quarter. Invesco Ltd. now owns 1,072,318 shares of the company’s stock valued at $17,586,000 after buying an additional 3,204 shares during the period. Bank of America Corp DE lifted its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 5.3% during the 3rd quarter. Bank of America Corp DE now owns 778,779 shares of the company’s stock valued at $12,772,000 after buying an additional 39,355 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 8.5% in the 4th quarter. Advisors Asset Management Inc. now owns 580,695 shares of the company’s stock worth $8,931,000 after buying an additional 45,612 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 19.5% in the 4th quarter. Wells Fargo & Company MN now owns 564,585 shares of the company’s stock worth $8,683,000 after buying an additional 92,094 shares during the last quarter.

BlackRock ESG Capital Allocation Term Trust Stock Down 0.5%

Shares of ECAT opened at $15.36 on Friday. BlackRock ESG Capital Allocation Term Trust has a one year low of $13.36 and a one year high of $17.14. The business has a fifty day moving average of $15.20 and a 200 day moving average of $15.11.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.2688 dividend. This represents a c) annualized dividend and a yield of 21.0%. 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.