Saba Capital Management L.P. trimmed its holdings in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT – Free Report) by 16.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,022,163 shares of the company’s stock after selling 4,314,094 shares during the period. BlackRock ESG Capital Allocation Term Trust accounts for 8.3% of Saba Capital Management L.P.’s holdings, making the stock its 2nd largest position. Saba Capital Management L.P.’s holdings in BlackRock ESG Capital Allocation Term Trust were worth $299,061,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in ECAT. Jane Street Group LLC acquired a new stake in BlackRock ESG Capital Allocation Term Trust during the first quarter worth approximately $340,000. Cetera Investment Advisers acquired a new position in BlackRock ESG Capital Allocation Term Trust in the 2nd quarter valued at $340,000. Ameriprise Financial Inc. raised its holdings in BlackRock ESG Capital Allocation Term Trust by 72.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 452,028 shares of the company’s stock valued at $7,260,000 after acquiring an additional 190,270 shares in the last quarter. Bank of America Corp DE lifted its position in shares of BlackRock ESG Capital Allocation Term Trust by 23.7% during the 2nd quarter. Bank of America Corp DE now owns 739,424 shares of the company’s stock valued at $11,875,000 after acquiring an additional 141,566 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of BlackRock ESG Capital Allocation Term Trust by 630.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,155 shares of the company’s stock valued at $51,000 after acquiring an additional 2,723 shares during the period.
BlackRock ESG Capital Allocation Term Trust Price Performance
ECAT opened at $15.13 on Tuesday. BlackRock ESG Capital Allocation Term Trust has a 52-week low of $13.36 and a 52-week high of $17.14. The business’s fifty day moving average is $15.50 and its 200-day moving average is $15.10.
BlackRock ESG Capital Allocation Term Trust Dividend Announcement
About BlackRock ESG Capital Allocation Term Trust
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.
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