Saba Capital Management sells $2.6m in BlackRock ECAT stock

Saba Capital Management, a 10% stakeholder in BlackRock ESG Capital Allocation Term Trust (ECAT), recently sold approximately $2.65 million worth of ECAT common stock over a two-day period in mid-August. The investment firm executed two transactions on August 17 and August 18, 2026, selling a total of 172,568 shares. On August 17, Saba Capital Management sold 68,259 shares at a price of $15.44 each, and on August 18, they sold an additional 104,309 shares at a lower price of $15.26 per share.

Currently, the stock price stands at $15.21, reflecting a 10% decrease from its 52-week high of $16.84. Despite this decline, ECAT has provided a strong 14% return year-to-date. Following these transactions, Saba Capital Management indirectly holds 14,267,529 shares of ECAT common stock. The trust offers an attractive 21.2% dividend yield, with further insights into ECAT's financial health and performance available in InvestingPro data.