Qube Research & Technologies Ltd Increases Stake in BlackRock ESG Capital Allocation Term Trust

Qube Research & Technologies Ltd has increased its investment in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT), upping its shareholding by 9.9% during the third quarter. The firm's latest filing with the Securities & Exchange Commission revealed that it now holds 122,155 shares, having acquired an additional 11,045 shares during the period. The value of Qube Research & Technologies Ltd's investment in the trust stood at approximately $1,807,000 by the quarter's end.

Institutional Investors Show Interest in ECAT

Other institutional investors have also adjusted their holdings of ECAT shares. Janney Montgomery Scott LLC raised its stake by 12.5%, now owning 33,941 shares. Meteora Capital LLC made a new investment with shares worth about $1,213,000. Flagship Harbor Advisors LLC increased its holding by 23.8%, while LPL Financial LLC grew its shares by 5.2%. Raymond James Financial Services Advisors Inc. notably upped their stake by 29.9% during the same quarter.

Inside Trades at BlackRock ESG Capital Allocation

Significant insider trading activity was observed as well. Saba Capital Management, L.P., a major shareholder, acquired a substantial amount of 488,281 shares at $16.27 per share, totaling over $7.9 million. Following the transaction, this insider now owns more than 23 million shares of the company, valued at approximately $374.8 million. Additionally, Portfolio Manager Richard M. Rieder bought 7,000 shares at an average price of $16.20 per share, thereby expanding his stake in the company with a total investment of $113,400.

ECAT Stock Performance and Dividend Announcement

Even though the stock witnessed a slight decline of 0.1%, ECAT opened at $17.05 on Tuesday. It has fluctuated between a low of $14.02 and a high of $17.30 over the last year. The 50-day and 200-day moving averages stand at $16.66 and $15.73, respectively. Moreover, BlackRock ESG Capital Allocation Term Trust announced a monthly dividend, set to be paid out on March 28th to shareholders recorded as of March 15th. The dividend amount is $0.15 per share, which annualizes to a yield of 10.56%, with the ex-dividend date marked as March 14th.

Overview of BlackRock ESG Capital Allocation Term Trust

BlackRock ESG Capital Allocation Term Trust aims to offer a total return and income combination, utilizing current income, current gains, and long-term capital appreciation strategies. With investments spanning across a diversified portfolio of equity and debt securities, the Trust maintains a balance between the asset classes in its approach.

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