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

Baird Financial Group Inc. purchased a new position in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) in the fourth quarter, Holdings Channel.com reports. The firm purchased 47,040 shares of the company’s stock, valued at approximately $771,000.

A number of other institutional investors have also bought and sold shares of ECAT. Janney Montgomery Scott LLC increased its stake in BlackRock ESG Capital Allocation Term Trust by 10.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 27,541 shares of the company’s stock worth $452,000 after buying an additional 2,632 shares in the last quarter. Fifth Third Bancorp purchased a new stake in BlackRock ESG Capital Allocation Term Trust in the 4th quarter worth $74,000. Flagship Harbor Advisors LLC increased its stake in BlackRock ESG Capital Allocation Term Trust by 6.8% in the 4th quarter. Flagship Harbor Advisors LLC now owns 80,568 shares of the company’s stock worth $1,321,000 after buying an additional 5,131 shares in the last quarter. Americana Partners LLC increased its stake in BlackRock ESG Capital Allocation Term Trust by 2.3% in the 4th quarter. Americana Partners LLC now owns 140,287 shares of the company’s stock worth $2,301,000 after buying an additional 3,210 shares in the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 31.0% during the 4th quarter. Truist Financial Corp now owns 36,100 shares of the company’s stock valued at $592,000 after purchasing an additional 8,551 shares during the last quarter.

BlackRock ESG Capital Allocation Term Trust Price Performance

ECAT opened at $16.17 on Thursday. The firm has a 50-day simple moving average of $15.48 and a two-hundred day simple moving average of $16.44. BlackRock ESG Capital Allocation Term Trust has a 52 week low of $13.35 and a 52 week high of $18.14.

BlackRock ESG Capital Allocation Term Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.2998 per share. This represents a $3.60 annualized dividend and a dividend yield of 22.25%. The ex-dividend date of this dividend is Thursday, May 15th.

BlackRock ESG Capital Allocation Term Trust Company Profile

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.