In a recent transaction, Saba Capital Management, L.P., a significant stakeholder in BlackRock (NYSE:BLK) Capital Allocation Term Trust (NYSE:BCAT), sold 5,120 shares of the trust's common stock. The shares were sold at a price of $16.31 each, amounting to a total transaction value of $83,507. The trust, currently valued at $1.74 billion, has demonstrated strong performance with a 25.5% return year-to-date according to InvestingPro data. Following this sale, Saba Capital retains ownership of 13,941,220 shares in the trust. This transaction was reported on December 9, 2024, with the sales occurring on December 5, 2024. Notable for investors, BCAT offers an impressive 21.3% dividend yield and maintains low price volatility, as highlighted by InvestingPro, which features additional analysis tips for subscribers.
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