Saba Capital Reduces Stake in BlackRock ESG Capital Allocation Term Trust
Saba Capital Management sold shares of BlackRock ESG Capital Allocation Term Trust worth nearly $1 million.
Key Points
- Saba Capital Management sold 64,443 shares of BlackRock ESG Capital Allocation Term Trust, valued at $998,866.50.
- Shares of BlackRock ESG Capital Allocation Term Trust traded near $15.47 on Tuesday, with a 52-week range between $13.36 and $17.14.
- Other institutions like Morgan Stanley and Penserra Capital Management also adjusted their holdings in BlackRock ESG.
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On June 22, 2026, Saba Capital Management sold 64,443 shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) at an average price of $15.50 per share. The transaction was valued at approximately $998,866.50. This move was not part of a pre-planned trading program.
Other Institutional Activity in BlackRock ESG Capital Allocation Term Trust
Saba Capital Management wasn't the only institution adjusting its stake in BlackRock ESG Capital Allocation Term Trust. Morgan Stanley increased its holdings by 37,517 shares, bringing its total to 2,204,468 shares worth about $29,936,698, marking a 1.7% increase. Penserra Capital Management also raised its position by 94,638 shares, ending with 1,459,010 shares valued at approximately $19,813,000, a 6.9% increase. Meanwhile, BlackRock, Inc. added 5,000 shares for a total of 1,233,545 shares, valued at about $16,751,541, reflecting a modest 0.4% increase. In contrast, Royal Bank of Canada upped its stake by 9,985 shares to 1,223,160 shares, valued at $16,611,000, showing a 0.8% increase.
BlackRock ESG Capital Allocation Term Trust Stock Down 0.7%
Shares of NYSE:ECAT traded near $15.47 on Tuesday. BlackRock ESG Capital Allocation Term Trust has a market capitalization of about $1.54 billion and a P/E ratio of 7.19. The stock's 52-week range has been between $13.36 and $17.14, with a 50-day moving average of $15.12 and a 200-day moving average of $15.48.
$ECAT stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at BlackRock ESG Capital Allocation Term Trust
Saba Capital Management has been actively trading shares of BlackRock ESG Capital Allocation Term Trust throughout June 2026. On June 22, they sold 64,443 shares at $15.50 each. Earlier, on June 18, they sold 40,481 shares at $15.45, and on June 17, they offloaded 10,034 shares at $15.35. Additional sales occurred on June 16 and June 15, with 59,471 shares and 59,449 shares sold at $15.45 and $15.49, respectively. On June 12, they sold 19,611 shares at $15.49.
About BlackRock ESG Capital Allocation Term Trust
BlackRock ESG Capital Allocation Term Trust is a financial services company specializing in asset management. Headquartered in New York, NY, the company operates within the asset management industry. Its CEO is Mr. John M. Perlowski, CPA. The trust focuses on providing sustainable investment solutions, integrating environmental, social, and governance (ESG) criteria into its allocation strategies.
Bottom Line
Saba Capital Management's recent sale of shares in BlackRock ESG Capital Allocation Term Trust highlights ongoing adjustments by institutional investors. The trust's stock has experienced fluctuations within a 52-week range, drawing attention from various financial entities. As always, these insider transactions are reported after the fact and may not indicate current holdings.
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