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Saba Capital sells $659,363 in BlackRock capital stock

Published 06/02/2025, 18:04
Saba Capital sells $659,363 in BlackRock capital stock
BCAT
-0.30%

NEW YORK—Saba Capital Management, L.P., a significant stakeholder in BlackRock (NYSE:BLK) Capital Allocation Term Trust (NYSE:BCAT), a $1.68 billion closed-end fund known for its substantial 22.18% dividend yield, has recently sold a portion of its holdings. According to InvestingPro data, the trust currently trades at a P/E ratio of 8.78. According to a recent filing, the firm disposed of 42,294 shares of BlackRock Capital stock on February 5 at an average price of $15.59 per share, amounting to a total transaction value of $659,363.

Following this sale, Saba Capital continues to hold a substantial position in the trust, with 13,299,568 shares remaining. The transaction was executed indirectly, as indicated by the filing, and reflects the firm’s ongoing management of its investment portfolio.

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