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Saba Capital Management, L.P., a significant stakeholder in BlackRock (NYSE:BLK) Capital Allocation Term Trust (NYSE:BCAT), recently sold a sizable portion of its holdings. According to a recent SEC filing, the firm disposed of 161,654 shares of common stock on March 3, 2025. The shares were sold at an average price of $15.49 each, resulting in a total transaction value of approximately $2.5 million. The sale comes as BCAT trades near its 52-week low of $15.00, while offering an attractive dividend yield of 22.4%, according to InvestingPro data.
Following this sale, Saba Capital Management still retains a substantial position in BlackRock Capital, with 12,313,575 shares remaining. The transaction highlights ongoing portfolio adjustments by the investment firm, led by Boaz Weinstein, who is also listed as a reporting owner in the filing. With a market capitalization of $1.66 billion and historically low price volatility, BCAT presents interesting metrics for value investors. InvestingPro subscribers can access additional analysis and 3 more exclusive ProTips about BCAT’s performance.
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