BlackRock ESG Capital Allocation Term TrustECAT
ECAT
About: BlackRock ESG Capital Allocation Trust is a non-diversified, closed-ended management investment company. The Trust's investment objectives are to provide total return and income through a combination of current income, current gains, and long-term capital appreciation.
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
25% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 12
5% more funds holding
Funds holding: 62 [Q2] → 65 (+3) [Q3]
3.85% less ownership
Funds ownership: 46.73% [Q2] → 42.88% (-3.85%) [Q3]
7% less capital invested
Capital invested by funds: $886M [Q2] → $822M (-$63.6M) [Q3]
50% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 2 (-2) [Q3]
56% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 27
Research analyst outlook
We haven’t received any recent analyst ratings for ECAT.
Financial journalist opinion
Based on 3 articles about ECAT published over the past 30 days
Negative
Seeking Alpha
5 days ago
ECAT: A High Distribution Yield With Key Activist Remaining Invested
BlackRock ESG Capital Allocation Term Trust maintains a high distribution yield, but the discount continues to narrow. I remain neutral and cautious on ECAT stock at its current shallow discount, but holding nonetheless as I believe a premium is possible. Saba Capital Management, an activist group, has continued to hold a large stake in the fund, keeping pressure on the BlackRock team.
Positive
Seeking Alpha
1 week ago
ECAT: 21% Yield On ESG Stocks
The article provides an in-depth profile of a high-yield fund, including its dividend history, holdings, and performance metrics. Detailed analysis of the fund's valuation is included to help investors assess its potential for future returns. The article emphasizes the importance of understanding the fund's structure and strategy for maximizing yield.
Neutral
Business Wire
3 weeks ago
Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
NEW YORK--(BUSINESS WIRE)---- $BBN--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.
Neutral
Business Wire
1 month ago
Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
NEW YORK--(BUSINESS WIRE)---- $BBN--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.
Neutral
Business Wire
2 months ago
Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
NEW YORK--(BUSINESS WIRE)---- $BBN--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.
Positive
Seeking Alpha
2 months ago
ECAT: High Distribution Helps Narrow Discount
BlackRock ESG Capital Allocation Term Trust provides investors exposure to a highly flexible and diversified portfolio of equities and fixed-income securities. The fund had significant activist pressure, which helped to drive a number of changes at the fund to help reduce the fund's discount. The main driver was the massive distribution increase, which led to the fund's discount to narrow materially, but with a higher distribution policy, it is likely to continue to garner.
Positive
Seeking Alpha
3 months ago
9 Closed-End Fund Buys In The Month Of August 2024
The broader equity market saw declines in early August but ended near all-time highs to finish off the month. I put some capital to work this month at the low, but not as much as I had planned initially, as the market swiftly recovered. Most of the moves this month were corporate action-driven events, primarily the BlackRock tender offers, as we finished up the first measurement period.
Positive
Seeking Alpha
3 months ago
ECAT: One Of The Dirty Dozen CEFs Now Yields 20% And Is A Buy Before The Discount Closes
ECAT has shown strong performance, exceeding the S&P 500 total return in the past year, and now offers a 20% yield at market price while trading at a discount. The fund's strategy includes a mix of equities, fixed income, private investments, and options with a focus on ESG principles. Recent changes include a managed distribution policy of 20% of the previous month's NAV and a tender offer to reduce the discount.
Neutral
Business Wire
4 months ago
BlackRock Announces Certified Results of 2024 Annual Meetings of Ten Contested Closed-End Funds
NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC (“BlackRock”) announced today the final certified voting results of the 2024 Annual Meetings of Shareholders (the “Annual Meetings”) of the ten closed-end funds contested by Saba Capital Management, L.P. (“Saba”): BlackRock Capital Allocation Term Trust (NYSE: BCAT) BlackRock California Municipal Income Trust (NYSE: BFZ) BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) BlackRock Health Sciences Term Trust (NYSE: BMEZ) BlackRock New York.
Neutral
Business Wire
5 months ago
U.S. Court of Appeals for the Second Circuit Reaffirms Ruling That Certain Closed-End Funds, Including Funds Advised by BlackRock, Violated the Investment Company Act of 1940
NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”) today commented on the outcome of the appeal brought in the United States Court of Appeals for the Second Circuit (the “Appellate Court”) by the BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Municipal Income Fund (NYSE: MUI), Royce Global Value Trust (NYSE: RGT), Tortoise Midstream Energy Fund (NYSE: NTG), Tortoise Energy Independence Fund (NYSE: NDP), Tortois.
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