BlackRock Inc. (NYSE:BLK) has made a significant acquisition of common shares in the BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT), according to a recent SEC filing. On March 14, 2025, BlackRock purchased 86,000 shares with a total value of approximately $1.39 million. The trust, currently valued at $1.66 billion by market capitalization, stands out for its impressive 23% dividend yield and conservative P/E ratio of 6.27. The shares were bought at a weighted average price of $16.16, with individual transaction prices ranging from $15.91 to $16.28 per share.
Following this transaction, BlackRock’s direct ownership in the trust increased to 668,800 shares. Additionally, BlackRock Financial Management, Inc., a wholly owned subsidiary of BlackRock, directly owns another 5,000 shares, as noted in the filing.
This purchase is part of BlackRock’s ongoing investment strategy and reflects their continued interest in the BlackRock ESG Capital Allocation Term Trust. The timing is notable as the trust currently trades near its 52-week low of $15.90, while maintaining strong dividend performance
