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BlackRock Inc. (NYSE:BLK) has acquired 86,000 common shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT), a $1.65 billion market cap fund currently offering an impressive 22.67% dividend yield, in a recent transaction, according to an SEC filing. The purchase, valued at approximately $1.4 million, was completed at a weighted average price of $16.24 per share, with individual transaction prices ranging between $16.14 and $16.32. The transaction occurs as ECAT trades near its 52-week low of $15.96, with the fund maintaining a consistent dividend track record. Following this acquisition, BlackRock Inc. now holds 410,800 shares directly. Additionally, BlackRock Financial Management, Inc., a wholly owned subsidiary of BlackRock, Inc., owns 5,000 shares indirectly. InvestingPro analysis reveals 5 additional key insights about ECAT’s dividend sustainability and market position.
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