Jun. 25 at 11:39 AM
$ECAT Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT), sold a significant block of shares on June 22, 2026, according to a recent Form 4 filing with the Securities and Exchange Commission.
The investment firm disposed of 64,443 shares of common stock at a price of
$15.50 per share. This transaction amounted to a total value of
$998,866.
The sale comes as ECAT trades near
$15.46 with a market cap of
$1.55 billion. The trust has delivered strong returns, gaining nearly 22% over the past year. According to InvestingPro data, ECAT pays a significant dividend to shareholders, currently yielding an impressive 20.86%, with over 5 additional ProTips available for subscribers.
Following this sale, Saba Capital Management, L.P. indirectly holds 18,245,437 shares of BlackRock ESG Capital Allocation Term Trust common stock.