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

Kovack Advisors Inc. bought 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 Securities and Exchange Commission (SEC). The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $444,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Almitas Capital LLC boosted its position in BlackRock ESG Capital Allocation Term Trust by 84.5% in the second quarter. Almitas Capital LLC now owns 839,103 shares of the company’s stock worth $14,718,000 after purchasing an additional 384,277 shares during the last quarter. Advisors Asset Management Inc. increased its position in BlackRock ESG Capital Allocation Term Trust by 0.7% in the first quarter. Advisors Asset Management Inc. now owns 515,785 shares of the company’s stock worth $8,954,000 after buying an additional 3,374 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the second quarter valued at $5,867,000. Oppenheimer & Co. Inc. lifted its position in shares of BlackRock ESG Capital Allocation Term Trust by 1.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 274,525 shares of the company’s stock valued at $4,870,000 after buying an additional 2,805 shares during the last quarter. Finally, Beckerman Institutional LLC bought a new position in shares of BlackRock ESG Capital Allocation Term Trust during the 3rd quarter worth $1,352,000.

BlackRock ESG Capital Allocation Term Trust Stock Performance

Shares of ECAT stock opened at $17.70 on Friday. BlackRock ESG Capital Allocation Term Trust has a 12 month low of $15.21 and a 12 month high of $18.14. The firm’s 50 day moving average is $17.50 and its 200 day moving average is $17.37.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors 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 dividend 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.