Trump to impose 100% tariff on China starting November 1
Saba Capital Management, L.P., a significant stakeholder in BlackRock (NYSE:BLK) ESG Capital Allocation Term Trust (NYSE:ECAT), recently acquired 40,215 shares of the trust’s common stock. The $1.68 billion market cap trust currently offers an attractive dividend yield of 22.29% and trades at a P/E ratio of 6.27. The shares were purchased at a price of $16.53 each, amounting to a total transaction value of $664,753. This acquisition increased Saba Capital’s holdings to 28,592,942 shares. The transaction was reported on February 26, 2025, and reflects Saba Capital’s continued interest in the trust. The stock currently trades near its 52-week low of $15.96, while maintaining historically low price volatility. InvestingPro analysis reveals several additional key metrics and insights about ECAT’s investment potential.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.