Saba Capital Management, L.P., an investment firm identified as a 10% owner of BlackRock ESG Capital Allocation Term Trust (ECAT), recently sold shares of the trust’s common stock. The transactions, which occurred on June 15 and June 16, 2026, totaled approximately $1.84 million.
The sales involved 118,920 shares in total, with prices ranging from $15.45 to $15.49 per share.
Specifically, on June 15, Saba Capital Management disposed of 59,449 shares of common stock at a price of $15.49 per share. The following day, June 16, an additional 59,471 shares were sold at $15.45 per share.
Following these transactions, Saba Capital Management, L.P. indirectly holds 18,360,395 shares of BlackRock ESG Capital Allocation Term Trust.
The sale comes as ECAT has delivered strong performance, with a 21% return over the past year and a remarkable dividend yield of 20.92%. According to InvestingPro data, the trust maintains a "GREAT" financial health score and pays a significant dividend to shareholders. Investors can access additional ProTips and comprehensive metrics on InvestingPro.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.BlackRock ESG Capital Allocation TrustFollowAnalyze ECATIncluded in our AI-picked strategies·Review strategies15.28▼-0.14(-0.91%)Real-time Data1D1W1M6M1Y5YMaxAnalyze ECATIs ECAT a bargain right now?The fastest way to find out is with our Fair Value calculator. We use a mix of 17 proven industry valuation models for maximum accuracy.Get the bottom line for ECAT plus thousands of other stocks and find your next hidden gem with massive upside.Flash Sale - Price Goes Up Soon