Kovack Advisors Inc. Makes New Investment in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT)

Kovack Advisors Inc. acquired a new stake in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 25,000 shares of the company’s stock, valued at approximately $444,000.

A number of other institutional investors also recently modified their holdings of the stock. Comerica Bank boosted its holdings in BlackRock ESG Capital Allocation Term Trust by 4.7% in the first quarter. Comerica Bank now owns 19,896 shares of the company’s stock worth $345,000 after acquiring an additional 895 shares in the last quarter. US Bancorp DE acquired a new position in shares of BlackRock ESG Capital Allocation Term Trust during the third quarter worth approximately $426,000. Whittier Trust Co. bought a new position in shares of BlackRock ESG Capital Allocation Term Trust in the 2nd quarter worth $131,000. Almitas Capital LLC grew its position in BlackRock ESG Capital Allocation Term Trust by 84.5% in the 2nd quarter. Almitas Capital LLC now owns 839,103 shares of the company’s stock valued at $14,718,000 after purchasing an additional 384,277 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in BlackRock ESG Capital Allocation Term Trust during the 2nd quarter valued at $5,867,000.

BlackRock ESG Capital Allocation Term Trust Stock Up 0.2 %

BlackRock ESG Capital Allocation Term Trust stock opened at $17.70 on Friday. The firm’s fifty day moving average price is $17.50 and its two-hundred day moving average price is $17.37. BlackRock ESG Capital Allocation Term Trust has a 1-year low of $15.21 and a 1-year high of $18.14.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.305 per share. The ex-dividend date is Friday, November 15th. This represents a $3.66 dividend on an annualized basis and a yield of 20.68%.

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.