Saba Capital Management, L.P., a significant shareholder of BlackRock (NYSE:BLK) Capital Allocation Term Trust (NYSE:BCAT), has reported selling shares worth approximately $3.48 million. The transactions occurred over two days, with shares sold at prices ranging from $16.27 to $16.37 each. According to InvestingPro data, BCAT currently offers an impressive 21.26% dividend yield and maintains a market capitalization of $1.75 billion. The trust's shares have demonstrated low price volatility, trading between $14.68 and $17.18 over the past 52 weeks.
On December 12, the firm sold 59,608 shares at $16.37 per share, followed by the sale of 153,886 shares at $16.27 per share on December 13. Following these transactions, Saba Capital Management holds 13,727,726 shares in the trust.
These sales were disclosed in a recent SEC filing, underscoring ongoing activity by major stakeholders in the trust.
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