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Saba Capital Management, L.P., a prominent investment firm, recently executed a significant stock sale involving BlackRock (NYSE:BLK) Capital Allocation Term Trust (NYSE:BCAT), a $1.59 billion market cap trust known for its substantial 23.34% dividend yield, according to InvestingPro data. On March 13 and March 14, the firm sold a total of 150,794 shares of common stock, with prices ranging from $14.88 to $15.09 per share, near the trust’s 52-week low of $14.68. The transactions amounted to a total value of approximately $2.26 million. InvestingPro analysis shows the trust trades with notably low price volatility and maintains a P/E ratio of 8.78. Following these sales, Saba Capital Management continues to hold 11,818,748 shares in the trust. For more detailed insights and additional financial metrics, investors can access multiple exclusive tips on InvestingPro.
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