BofA update shows where active managers are putting money
BlackRock, Inc. (NYSE:BLK) has announced the acquisition of 46,745 common shares in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT), with the transaction valued at approximately $763,813. The purchase was made at a weighted average price of $16.34 per share, with prices ranging from $16.29 to $16.38. The trust, currently valued at $1.61 billion, offers an attractive dividend yield of 22.48% and trades at a P/E ratio of 6.27. Following this transaction, BlackRock now holds a total of 1,223,545 shares directly. This move reflects BlackRock’s continued investment in the trust, which focuses on ESG (Environmental, Social, and Governance) criteria in its capital allocation strategies. According to InvestingPro, ECAT has maintained consistent dividend payments for four consecutive years, with the stock generally trading with low price volatility. InvestingPro subscribers have access to 6 additional key insights about ECAT’s performance and outlook.
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