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BlackRock, Inc. (NYSE:BLK) has recently reported a significant acquisition of shares in the BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT), a $1.71 billion market cap fund currently trading near its 52-week low. According to the latest SEC filing, BlackRock purchased a total of 79,600 common shares on March 5, 2025. The shares were acquired at a price of $16.64 each, amounting to a total transaction value of approximately $1.32 million. The trust offers an attractive dividend yield of ~22%, making it one of the highest-yielding investment vehicles in its category.
This transaction reflects BlackRock’s continued interest in the ESG-focused fund, enhancing its position in the trust. Following the acquisition, BlackRock now holds a total of 79,600 shares directly. Additionally, BlackRock Financial Management, Inc., a wholly owned subsidiary of BlackRock, Inc., directly owns 5,000 shares. InvestingPro analysis reveals the fund trades at an attractive P/E ratio of 6.27, with several additional key metrics and insights available to subscribers.
The transaction was signed off by R. Andrew Dickson III, acting as Attorney-in-Fact for BlackRock, Inc.
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