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BlackRock buys $1.64 million in BlackRock ESG Capital Allocation Term Trust shares

Published 18/03/2025, 23:56
BlackRock buys $1.64 million in BlackRock ESG Capital Allocation Term Trust shares
ECAT
0.85%

In a recent filing with the Securities and Exchange Commission, BlackRock, Inc. (NYSE:BLK) disclosed a significant purchase of common shares in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT), a $1.65 billion market cap fund currently trading near its 52-week low of $15.90. On March 18, 2025, BlackRock acquired 101,600 shares at a weighted average price of $16.12 per share, totaling approximately $1.64 million. This transaction increased BlackRock’s direct ownership to 872,000 shares.

The shares were purchased in multiple transactions with prices ranging from $16.09 to $16.20 per share. Additionally, BlackRock Financial Management, Inc., a wholly owned subsidiary of BlackRock, holds 5,000 shares indirectly.

This acquisition highlights BlackRock’s continued investment in the BlackRock ESG Capital Allocation Term Trust, reflecting its strategic interest in ESG-focused investments.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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