Can anything shut down the Gold rally?
In recent transactions, Saba Capital Management, L.P. and Boaz Weinstein, both significant stakeholders in BlackRock (NYSE:BLK) Capital Allocation Term Trust (NYSE:BCAT), a $1.69 billion closed-end fund known for its substantial 22% dividend yield, sold a considerable amount of shares. On February 10 and 11, the investors disposed of a total of 150,308 shares at a consistent price of $15.67 per share, near the fund’s 52-week low of $15.00. The cumulative value of these transactions amounted to approximately $2.36 million. Post-sale, the remaining shares owned by the investors totaled 13,068,971. According to InvestingPro, BCAT typically exhibits low price volatility and trades at an attractive P/E ratio of 8.78, with several additional insights available to subscribers.
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