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Saba Capital Management, L.P., a significant stakeholder in BlackRock (NYSE:BLK) Capital Allocation Term Trust (NYSE:BCAT), recently sold shares valued at approximately $1.13 million. The transactions occurred on March 6 and March 7, 2025, with shares sold at prices ranging from $15.18 to $15.30. The trust, currently valued at $1.63 billion, offers an impressive dividend yield of 22.69% according to InvestingPro data.
The transactions involved the sale of 34,340 shares on March 6 and 40,113 shares on March 7. Following these sales, Saba Capital Management holds 12,090,050 shares of the trust. The sales were reported by Boaz Weinstein, a reporting owner along with Saba Capital Management, in a Form 4 filing with the Securities and Exchange Commission. Currently trading at $15.14, BCAT is near its 52-week low of $15.00, with historically low price volatility. InvestingPro subscribers can access 3 additional key insights about BCAT’s financial health and valuation metrics.
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