Raymond James Financial Inc. Makes New Investment in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT)

Raymond James Financial Inc. acquired a new stake in shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 198,640 shares of the company’s stock, valued at approximately $3,258,000.

Several other hedge funds also recently modified their holdings of ECAT. Steward Partners Investment Advisory LLC lifted its holdings in 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 worth $230,000 after buying an additional 666 shares in the last quarter. Arete Wealth Advisors LLC increased its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 5.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 14,157 shares of the company’s stock worth $251,000 after acquiring an additional 708 shares during the period. Wilmington Savings Fund Society FSB bought a new position in BlackRock ESG Capital Allocation Term Trust in the 3rd quarter worth approximately $27,000. IFP Advisors Inc acquired a new stake in BlackRock ESG Capital Allocation Term Trust in the fourth quarter worth about $36,000. Finally, Janney Montgomery Scott LLC lifted its position in BlackRock ESG Capital Allocation Term Trust by 10.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 27,541 shares of the company’s stock worth $452,000 after purchasing an additional 2,632 shares during the period.

BlackRock ESG Capital Allocation Term Trust Stock Performance

BlackRock ESG Capital Allocation Term Trust stock opened at $16.10 on Friday. BlackRock ESG Capital Allocation Term Trust has a 1 year low of $15.90 and a 1 year high of $18.14. The firm’s 50 day moving average price is $16.56 and its two-hundred day moving average price is $17.03.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.3063 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.68 annualized dividend and a dividend yield of 22.84%.

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.