Saba Capital, 10% owner, sells $4.6m in BlackRock ECAT shares By Investing.com

Saba Capital Management, L.P., identified as a 10% owner and director of BlackRock ESG Capital Allocation Term Trust (), has reported selling a total of $4,613,991 worth of common stock in the trust. The transactions occurred over two days, July 28 and July 29, 2026.

On July 28, Saba Capital Management disposed of 148,742 shares of ECAT common stock. The following day, July 29, an additional 158,002 shares were sold. The prices for these sales ranged between $14.94 and $15.15 per share. The trust currently trades at $15.05 and has delivered an 11% return year-to-date, with a market capitalization of $1.5 billion.

Following these transactions, Saba Capital Management, L.P. indirectly holds 16,146,859 shares of BlackRock ESG Capital Allocation Term Trust common stock. According to InvestingPro data, ECAT pays a significant dividend to shareholders with a yield of 21.43%. Investors can access 4 additional ProTips and comprehensive financial metrics on the platform.

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