Saba Capital sells $675,333 in BlackRock ECAT shares

Saba Capital Management, a major shareholder and director of BlackRock ESG Capital Allocation Term Trust (ECAT), recently sold 47,930 shares of the company's common stock on October 8, 2026. The transaction resulted in a total value of $675,333, with each share priced at $14.09. Since the sale, the stock price has decreased to $13.22, hovering just above its 52-week low of $13.19.

Following the sale, Saba Capital Management indirectly retains ownership of 12,448,913 shares of the BlackRock ESG Capital Allocation Term Trust. Despite the recent stock weakness, the trust provides a noteworthy 24% dividend yield, making it an attractive investment option for income-seeking investors. For those with an InvestingPro subscription, there are six additional exclusive tips available about ECAT, covering aspects such as the company's robust dividend track record and valuation metrics.