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BlackRock increases stake in ESG capital allocation term trust with $1.65m purchase

Published 20/03/2025, 00:48
BlackRock increases stake in ESG capital allocation term trust with $1.65m purchase
ECAT
-0.12%

BlackRock, Inc. (NYSE:BLK) has bolstered its holdings in the BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) by acquiring 101,600 common shares. The transaction, made on March 19, 2025, was executed at a weighted average price of $16.21 per share, amounting to a total investment of approximately $1.65 million. ECAT, currently valued at $1.64 billion in market capitalization, offers an attractive dividend yield of 22.6% and trades at a P/E ratio of 6.27.

The shares were purchased in a series of transactions, with prices ranging from $16.11 to $16.29 per share. Following this acquisition, BlackRock’s total ownership in the trust stands at 973,600 shares.

The purchase was carried out directly by BlackRock, Inc., with additional common shares held indirectly by its subsidiary, BlackRock Financial Management, Inc. This move reflects BlackRock’s strategic interest in expanding its influence within the ESG-focused investment space.

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