Saba Capital Management, a 10% owner of BlackRock ESG Capital Allocation Term Trust (ECAT), sold shares worth approximately $1.53 million.
The sales occurred over two days at prices ranging from $15.23 to $15.41 per share. ECAT currently trades at $15.51.
The trust offers a 21.3% dividend yield and has raised dividends for five consecutive years.
On May 21, 2026, Saba Capital sold 53,479 shares at $15.23 each. On May 22, they sold an additional 46,754 shares at $15.41.
After the sales, Saba Capital indirectly holds 19,608,789 shares. The trust has delivered a 23% price return over the past year and maintains a "GREAT" financial health score.
All transactions were indirect.
