Oppenheimer & Co. Inc. Reduces Stake in BlackRock ESG Capital Allocation Term Trust $ECAT

Oppenheimer & Co. Inc. lowered its stake in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) by 28.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 212,978 shares of the company’s stock after selling 84,021 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in BlackRock ESG Capital Allocation Term Trust were worth $3,493,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the first quarter worth about $340,000. Shaker Financial Services LLC bought a new stake in BlackRock ESG Capital Allocation Term Trust during the 2nd quarter worth approximately $615,000. Wedbush Securities Inc. increased its holdings in BlackRock ESG Capital Allocation Term Trust by 36.3% during the 2nd quarter. Wedbush Securities Inc. now owns 43,535 shares of the company’s stock worth $699,000 after acquiring an additional 11,591 shares during the period. Penserra Capital Management LLC lifted its stake in BlackRock ESG Capital Allocation Term Trust by 3.0% in the 2nd quarter. Penserra Capital Management LLC now owns 1,086,882 shares of the company’s stock worth $17,455,000 after purchasing an additional 32,103 shares in the last quarter. Finally, Fountainhead AM LLC boosted its holdings in BlackRock ESG Capital Allocation Term Trust by 5.0% in the 2nd quarter. Fountainhead AM LLC now owns 15,850 shares of the company’s stock valued at $255,000 after purchasing an additional 750 shares during the period.

BlackRock ESG Capital Allocation Term Trust Stock Performance

ECAT opened at $15.58 on Thursday. BlackRock ESG Capital Allocation Term Trust has a one year low of $13.35 and a one year high of $17.16. The company has a fifty day moving average price of $15.62 and a 200-day moving average price of $16.09.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.277 per share. This represents a c) annualized dividend and a yield of 21.3%. The ex-dividend date is Friday, March 13th.

BlackRock ESG Capital Allocation Term Trust Profile

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.