Formidable Asset Management LLC Has $4.85 Million Holdings in BlackRock ESG Capital Allocation Term Trust $ECAT

Formidable Asset Management LLC increased its position in shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) by 30.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 295,548 shares of the company’s stock after purchasing an additional 69,357 shares during the quarter. BlackRock ESG Capital Allocation Term Trust accounts for approximately 0.7% of Formidable Asset Management LLC’s investment portfolio, making the stock its 27th largest position. Formidable Asset Management LLC’s holdings in BlackRock ESG Capital Allocation Term Trust were worth $4,847,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ECAT. Truist Financial Corp raised its position in shares of BlackRock ESG Capital Allocation Term Trust by 1.9% in the 3rd quarter. Truist Financial Corp now owns 34,169 shares of the company’s stock valued at $560,000 after buying an additional 628 shares in the last quarter. US Bancorp DE boosted its position in shares of BlackRock ESG Capital Allocation Term Trust by 6.2% during the 3rd quarter. US Bancorp DE now owns 25,491 shares of the company’s stock worth $418,000 after acquiring an additional 1,480 shares in the last quarter. PFG Investments LLC boosted its position in shares of BlackRock ESG Capital Allocation Term Trust by 9.4% during the 3rd quarter. PFG Investments LLC now owns 20,450 shares of the company’s stock worth $335,000 after acquiring an additional 1,750 shares in the last quarter. Keener Financial Planning LLC bought a new position in BlackRock ESG Capital Allocation Term Trust in the third quarter valued at approximately $30,000. Finally, Raymond James Financial Inc. increased its stake in BlackRock ESG Capital Allocation Term Trust by 2.5% in the third quarter. Raymond James Financial Inc. now owns 104,327 shares of the company’s stock valued at $1,711,000 after acquiring an additional 2,495 shares during the last quarter.

BlackRock ESG Capital Allocation Term Trust Stock Performance

Shares of ECAT opened at $13.86 on Friday. The firm has a 50 day simple moving average of $14.74 and a two-hundred day simple moving average of $15.57. BlackRock ESG Capital Allocation Term Trust has a one year low of $13.35 and a one year high of $17.14.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.2733 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 23.7%.

About BlackRock ESG Capital Allocation Term Trust

BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) is a closed-end management investment company sponsored by BlackRock, Inc The trust seeks to provide investors with a combination of current income and capital appreciation through a diversified portfolio of equity and fixed-income securities. ECAT’s investment strategy integrates environmental, social and governance (ESG) criteria into the selection process, targeting companies whose business practices align with sustainable outcomes while aiming to manage risk and enhance long-term returns.

The fund’s portfolio is constructed and managed by BlackRock Investment Management, LLC, leveraging the firm’s global research capabilities and proprietary ESG analytics.