Saba Capital Management sells $2.03m BlackRock ECAT stock

Saba Capital Management, L.P., a 10% owner of BlackRock ESG Capital Allocation Term Trust (NASDAQ:ECAT), recently sold common stock totaling approximately $2,034,669. The transactions took place over two days in early September 2026, with share prices ranging from $15.27 to $15.28.

On September 1, 2026, Saba Capital Management disposed of 79,453 shares of ECAT common stock at a price of $15.27 per share. The following day, September 2, 2026, an additional 53,758 shares were sold at $15.28 per share. These dispositions were made directly by the reporting person. The trust, with a market cap of $1.52 billion, has delivered a 14.3% return year-to-date and trades near its 52-week high of $16.84.

Following these transactions, Saba Capital Management, L.P. beneficially owns 13,459,831 shares of BlackRock ESG Capital Allocation Term Trust, held indirectly. According to InvestingPro data, ECAT pays a significant dividend to shareholders with a yield of 21.16% and has raised its dividend for 5 consecutive years. Investors can access 3 additional ProTips and comprehensive financial metrics on the platform.