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BlackRock, Inc. (NYSE:BLK) has increased its stake in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) by purchasing 86,000 common shares. The transaction, which took place on March 12, 2025, amounted to approximately $1.41 million, with shares acquired at a weighted average price of $16.43 each. The trust, currently valued at $1.65 billion, offers an attractive dividend yield of 22.4% and has maintained dividend increases for four consecutive years, according to InvestingPro data.
This acquisition brings BlackRock’s total holdings in the trust to 496,800 shares, held directly. The purchase was executed across multiple transactions at prices ranging from $16.34 to $16.48 per share, with the current price near its 52-week low of $15.96. The shares are directly owned by BlackRock Financial Management, Inc., a wholly owned subsidiary of BlackRock, Inc. InvestingPro analysis reveals 4 additional key insights about ECAT’s performance and valuation metrics - unlock these exclusive insights with a subscription.
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