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BlackRock, Inc. (NYSE:BLK) has recently increased its stake in the BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) by acquiring 101,600 common shares. The transaction, which took place on March 21, 2025, was executed at a weighted average price of $16.20 per share, amounting to a total purchase value of approximately $1.65 million. The trust, currently valued at $1.61 billion, offers an attractive dividend yield of 22.66% and trades at a P/E ratio of 6.27, according to InvestingPro data.
Following this acquisition, BlackRock’s direct ownership in the trust now stands at 1,176,800 shares. Additionally, 5,000 shares are indirectly owned by BlackRock Financial Management, Inc., a wholly-owned subsidiary of BlackRock, Inc. The acquisition underscores BlackRock’s continued interest in the ESG-focused trust, aligning with its broader investment strategy. The trust’s shares currently trade near their 52-week low of $15.90, with relatively low price volatility. InvestingPro subscribers can access additional insights, including detailed dividend analysis and valuation metrics.
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