BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Shares Down 0.7% – Should You Sell?

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) shares traded down 0.7% on Friday . The stock traded as low as $16.65 and last traded at $16.69. 287,662 shares changed hands during trading, a decline of 12% from the average session volume of 326,131 shares. The stock had previously closed at $16.80.

BlackRock ESG Capital Allocation Term Trust Stock Down 0.7 %

The business’s fifty day simple moving average is $16.97 and its 200-day simple moving average is $17.26.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.3074 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $3.69 annualized dividend and a dividend yield of 22.10%.

Institutional Trading of BlackRock ESG Capital Allocation Term Trust

A number of large investors have recently made changes to their positions in ECAT. Penserra Capital Management LLC purchased a new stake in BlackRock ESG Capital Allocation Term Trust in the 3rd quarter worth about $16,053,000. Almitas Capital LLC grew its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 84.5% in the second quarter. Almitas Capital LLC now owns 839,103 shares of the company’s stock worth $14,718,000 after purchasing an additional 384,277 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in BlackRock ESG Capital Allocation Term Trust during the 2nd quarter valued at about $5,867,000. Kovitz Investment Group Partners LLC purchased a new stake in BlackRock ESG Capital Allocation Term Trust in the 3rd quarter valued at about $6,005,000. Finally, Oppenheimer & Co. Inc. grew its stake in BlackRock ESG Capital Allocation Term Trust by 1.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 274,525 shares of the company’s stock worth $4,870,000 after acquiring an additional 2,805 shares in the last quarter.

BlackRock ESG Capital Allocation Term Trust Company 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.