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Saba Capital Management sells $481,248 in BlackRock Capital shares

Published 26/02/2025, 21:10
Saba Capital Management sells $481,248 in BlackRock Capital shares
BCAT
-0.66%

Saba Capital Management, led by Boaz Weinstein, has reported the sale of shares in BlackRock (NYSE:BLK) Capital Allocation Term Trust (NYSE:BCAT), a $1.64 billion closed-end fund currently offering an attractive 22.72% dividend yield. According to a recent SEC filing, the firm sold a total of 31,331 shares over two days, with transactions taking place on February 24 and February 25. The shares were sold at prices ranging from $15.32 to $15.37, resulting in a total transaction value of $481,248. The transaction occurred with BCAT trading near its 52-week low of $15.00. InvestingPro analysis indicates the stock generally trades with low price volatility, with additional key metrics available to subscribers. Following these sales, Saba Capital Management holds 12,603,211 shares of BlackRock Capital.

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