Saba Capital Management, L.P., a notable 10% shareholder in BlackRock ESG Capital Allocation Term Trust, has executed a series of sales involving the trust's common stock. The total value of these divestments amounts to $633,076, according to a Form 4 filing submitted to the Securities and Exchange Commission. The transactions were completed over a two-day period, marking a specific reduction in the firm's equity position within the trust.
On July 7, 2026, Saba Capital Management disposed of 1,397 shares of common stock. The execution price for these shares was recorded at $15.78 per share. The following day, July 8, 2026, the firm sold an additional 39,219 shares. These subsequent shares were transacted at a price of $15.58 per share. The pricing for the total volume of sold shares ranged between $15.58 and $15.78 per share.
Market data indicates that the trust currently trades at $15.76. This current valuation places the security approximately 8% below its 52-week high of $17.14. Despite this proximity to its recent peak, the trust has generated an 18% return over the past year. Financial data from InvestingPro Tips highlights that ECAT provides a substantial dividend to its shareholders, boasting a yield of 20.6%. Furthermore, the trust has raised its dividend for five consecutive years, demonstrating a history of increasing shareholder payouts.
Following the completion of these recent transactions, Saba Capital Management, L.P. continues to hold a significant position in the trust. The firm retains ownership of 17,425,487 shares of BlackRock ESG Capital Allocation Term Trust common stock. This remaining stake underscores the firm's continued, albeit reduced, exposure to the closed-end fund.