BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Shares Down 0.7% – Time to Sell?

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT)’s share price fell 0.7% during trading on Friday . The stock traded as low as $16.65 and last traded at $16.69. 287,662 shares were traded during trading, a decline of 12% from the average session volume of 326,131 shares. The stock had previously closed at $16.80.

BlackRock ESG Capital Allocation Term Trust Stock Down 0.7 %

The firm’s 50 day simple moving average is $16.97 and its two-hundred day simple moving average is $17.26.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.3074 dividend. This represents a $3.69 dividend on an annualized basis and a dividend yield of 22.10%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Arete Wealth Advisors LLC grew its position in BlackRock ESG Capital Allocation Term Trust by 5.3% during the third quarter. Arete Wealth Advisors LLC now owns 14,157 shares of the company’s stock valued at $251,000 after buying an additional 708 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the 3rd quarter worth approximately $27,000. Mather Group LLC. purchased a new position in BlackRock ESG Capital Allocation Term Trust in the third quarter valued at approximately $37,000. Truist Financial Corp increased its position in BlackRock ESG Capital Allocation Term Trust by 9.8% in the second quarter. Truist Financial Corp now owns 27,457 shares of the company’s stock worth $482,000 after buying an additional 2,460 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of 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 valued at $452,000 after buying an additional 2,632 shares during the period.

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.