Tower Research Capital LLC TRC Purchases 1,582 Shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT)

Tower Research Capital LLC TRC boosted its holdings in shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) by 791.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,782 shares of the company’s stock after purchasing an additional 1,582 shares during the period. Tower Research Capital LLC TRC’s holdings in BlackRock ESG Capital Allocation Term Trust were worth $29,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ECAT. Cambridge Investment Research Advisors Inc. acquired a new position in BlackRock ESG Capital Allocation Term Trust during the third quarter worth about $181,000. Raymond James Financial Services Advisors Inc. increased its position in BlackRock ESG Capital Allocation Term Trust by 29.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 37,375 shares of the company’s stock worth $553,000 after purchasing an additional 8,604 shares in the last quarter. Advisor Partners II LLC bought a new position in BlackRock ESG Capital Allocation Term Trust in the 3rd quarter valued at approximately $5,594,000. Park Avenue Securities LLC acquired a new stake in BlackRock ESG Capital Allocation Term Trust in the third quarter valued at approximately $152,000. Finally, Carmel Capital Partners LLC bought a new stake in shares of BlackRock ESG Capital Allocation Term Trust during the third quarter worth $240,000.

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 98,842 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was purchased at an average cost of $16.75 per share, for a total transaction of $1,655,603.50. Following the transaction, the insider now owns 25,937,542 shares in the company, valued at approximately $434,453,828.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have bought 1,471,895 shares of company stock worth $24,913,495.

BlackRock ESG Capital Allocation Term Trust Stock Up 1.5 %

Shares of NYSE:ECAT traded up $0.25 during trading on Friday, hitting $16.65. 164,005 shares of the company were exchanged, compared to its average volume of 240,337. BlackRock ESG Capital Allocation Term Trust has a 1-year low of $14.02 and a 1-year high of $17.40. The business’s 50 day moving average is $16.77 and its 200-day moving average is $16.19.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.81%. The ex-dividend date is Tuesday, May 14th.

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.