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Saba Capital sells BlackRock ESG (ECAT) shares for $1.27 million

Published 30/10/2025, 21:04
Saba Capital sells BlackRock ESG (ECAT) shares for $1.27 million
ECAT
-0.85%

Saba Capital Management, L.P., a ten percent owner of BlackRock ESG Capital Allocation Term Trust (NASDAQ:ECAT), sold 77,153 shares of common stock on October 28 and 29, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales, totaled $1.27 million, with prices ranging from $16.55 to $16.64 per share, slightly above the current trading price of $16.44. Following the transactions, Saba Capital Management, L.P. indirectly owns 27,400,370 shares of BlackRock ESG Capital Allocation Term Trust.

ECAT, with a market cap of $1.63 billion, has been delivering strong returns with a 20.44% YTD price total return. InvestingPro data shows the trust pays a significant dividend yield of 20.78% ($3.42 per share) and maintains a "GREAT" financial health score. Investors seeking similar high-yield opportunities can explore more insights and additional ProTips with an InvestingPro subscription.

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