Fountainhead AM LLC Boosts Stake in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT)

Fountainhead AM LLC increased its position in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) by 206.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,472 shares of the company’s stock after buying an additional 35,352 shares during the period. Fountainhead AM LLC’s holdings in BlackRock ESG Capital Allocation Term Trust were worth $846,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ECAT. Park Avenue Securities LLC bought a new stake in BlackRock ESG Capital Allocation Term Trust during the third quarter worth approximately $152,000. Cambridge Investment Research Advisors Inc. bought a new stake in BlackRock ESG Capital Allocation Term Trust during the third quarter worth approximately $181,000. Carmel Capital Partners LLC bought a new position in shares of BlackRock ESG Capital Allocation Term Trust during the third quarter valued at approximately $240,000. Raymond James & Associates grew its stake in shares of BlackRock ESG Capital Allocation Term Trust by 24.3% during the fourth quarter. Raymond James & Associates now owns 15,503 shares of the company’s stock valued at $250,000 after buying an additional 3,026 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in shares of BlackRock ESG Capital Allocation Term Trust by 3.4% during the third quarter. Oppenheimer & Co. Inc. now owns 22,782 shares of the company’s stock valued at $337,000 after buying an additional 758 shares during the last quarter.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. bought 197,651 shares of the stock in a transaction on Friday, January 26th. The stock was bought at an average price of $16.69 per share, for a total transaction of $3,298,795.19. Following the completion of the acquisition, the insider now directly owns 25,340,205 shares in the company, valued at $422,928,021.45. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 2,088,802 shares of company stock valued at $35,181,792 over the last quarter.

BlackRock ESG Capital Allocation Term Trust Trading Up 0.9 %

Shares of ECAT traded up $0.14 during mid-day trading on Tuesday, reaching $16.25. 167,395 shares of the company’s stock traded hands, compared to its average volume of 249,109. The stock’s 50-day moving average is $16.86 and its two-hundred day moving average is $16.10. BlackRock ESG Capital Allocation Term Trust has a 12 month low of $14.02 and a 12 month high of $17.40.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a $0.15 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.80 annualized dividend and a yield of 11.08%.

BlackRock ESG Capital Allocation Term Trust 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.