Fountainhead AM LLC Has $846,000 Stake in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT)

Fountainhead AM LLC lifted its stake in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) by 206.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,472 shares of the company’s stock after purchasing an additional 35,352 shares during the period. Fountainhead AM LLC’s holdings in BlackRock ESG Capital Allocation Term Trust were worth $846,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Flagship Harbor Advisors LLC boosted its stake in BlackRock ESG Capital Allocation Term Trust by 23.8% in the third quarter. Flagship Harbor Advisors LLC now owns 37,374 shares of the company’s stock valued at $553,000 after acquiring an additional 7,178 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in BlackRock ESG Capital Allocation Term Trust in the third quarter valued at approximately $181,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of BlackRock ESG Capital Allocation Term Trust by 29.9% during the third 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 shares of BlackRock ESG Capital Allocation Term Trust during the third quarter worth $5,594,000. Finally, Park Avenue Securities LLC bought a new position in shares of BlackRock ESG Capital Allocation Term Trust during the third quarter worth $152,000.

Insider Activity at BlackRock ESG Capital Allocation Term Trust

In other BlackRock ESG Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. purchased 246,840 shares of the stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of $17.08 per share, for a total transaction of $4,216,027.20. Following the purchase, the insider now owns 26,973,524 shares of the company’s stock, valued at $460,707,789.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have purchased 2,088,802 shares of company stock valued at $35,181,792.

BlackRock ESG Capital Allocation Term Trust Trading Up 0.9 %

Shares of NYSE ECAT traded up $0.14 during midday trading on Tuesday, reaching $16.25. 167,395 shares of the stock were exchanged, compared to its average volume of 249,109. The business has a 50-day simple moving average of $16.86 and a two-hundred day simple moving average of $16.10. BlackRock ESG Capital Allocation Term Trust has a 12 month low of $14.02 and a 12 month high of $17.40.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a $0.15 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.80 annualized dividend and a yield of 11.08%.

About BlackRock ESG Capital Allocation Term Trust

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.