BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) by 21.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 28,120 shares of the company’s stock after selling 7,615 shares during the quarter. PNC Financial Services Group Inc.’s holdings in BlackRock ESG Capital Allocation Term Trust were worth $461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ECAT. Raymond James Financial Inc. acquired a new position in shares of BlackRock ESG Capital Allocation Term Trust in the 4th quarter valued at about $3,258,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 5.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,054 shares of the company’s stock valued at $230,000 after buying an additional 666 shares during the period. IFP Advisors Inc acquired a new position in shares of BlackRock ESG Capital Allocation Term Trust in the 4th quarter valued at about $36,000. Winebrenner Capital Management LLC acquired a new position in shares of BlackRock ESG Capital Allocation Term Trust in the 4th quarter valued at about $590,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of BlackRock ESG Capital Allocation Term Trust in the 4th quarter valued at about $213,000.

BlackRock ESG Capital Allocation Term Trust Price Performance

Shares of ECAT stock opened at $16.28 on Thursday. The business has a 50-day simple moving average of $16.60 and a 200-day simple moving average of $17.07. BlackRock ESG Capital Allocation Term Trust has a 52-week low of $15.90 and a 52-week high of $18.14.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.3063 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.68 annualized dividend and a dividend yield of 22.58%.

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.