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Saba Capital sells $2.29 million in BlackRock capital stock

Published 06/03/2025, 17:40
Saba Capital sells $2.29 million in BlackRock capital stock
BCAT
-0.33%

Saba Capital Management, L.P., led by Boaz Weinstein, recently reported the sale of a substantial number of shares in BlackRock (NYSE:BLK) Capital Allocation Term Trust (NYSE:BCAT), a $1.66 billion market cap fund currently offering an attractive 22.37% dividend yield. According to the SEC filing, the firm sold a total of 149,072 shares over two days, March 4 and March 5, at a consistent price of $15.36 per share. The transactions amounted to a total value of approximately $2.29 million. InvestingPro data shows BCAT trades with notably low price volatility and is currently near its 52-week low of $15.00.

Following these sales, Saba Capital’s remaining stake in BlackRock Capital stands at 12,164,503 shares. These transactions reflect Saba Capital’s ongoing portfolio management strategies and adjustments in their investment holdings. InvestingPro subscribers can access additional insights, with 3 more exclusive ProTips available for BCAT.

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