Saba Capital Management Sells Shares of BlackRock ESG Capital Allocation Term Trust
Saba Capital Management sold 91,365 shares of BlackRock ESG Capital Allocation Term Trust on June 23, 2026.
Key Points
- Saba Capital Management sold 91,365 shares of BlackRock ESG Capital Allocation Term Trust on June 23, 2026, at an average price of $15.37, totaling $1.4 million.
- Shares of NYSE:ECAT traded near $15.40 on Thursday, with a market cap of $1.54 billion and a P/E ratio of 7.19.
- Saba Capital Management also reduced its holdings by 4.31 million shares, while Morgan Stanley and Penserra Capital Management added shares.
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Saba Capital Management sold 91,365 shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) on June 23, 2026. The shares were sold at an average price of $15.37, bringing the total transaction value to approximately $1.4 million.
Other Institutional Activity in BlackRock ESG Capital Allocation Term Trust
Saba Capital Management also reduced its holdings by 4,314,094 shares, leaving it with 22,022,163 shares valued at about $299.1 million, marking a 16.4% decrease. Meanwhile, Morgan Stanley increased its position by 37,517 shares to hold a total of 2,204,468 shares worth approximately $29.9 million, reflecting a 1.7% increase. Penserra Capital Management added 94,638 shares, bringing its total to 1,459,010 shares valued at about $19.8 million, a 6.9% increase. BlackRock, Inc. and Royal Bank of Canada also increased their holdings slightly by 5,000 shares and 9,985 shares, respectively.
BlackRock ESG Capital Allocation Term Trust Stock Holds Steady
Shares of NYSE:ECAT traded near $15.40 on Thursday. The company has a market cap of approximately $1.54 billion and a P/E ratio of 7.19. The stock's 52-week range has seen a low of $13.36 and a high of $17.14. Its 50-day moving average is $15.12, while the 200-day moving average is $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 active in selling shares recently. On June 24, it sold 111,896 shares at $15.25 each. The day before, on June 23, it sold 91,365 shares at $15.37. Earlier, on June 22, it sold 64,443 shares at $15.50, and on June 18, it sold 40,481 shares at $15.45. These transactions were not part of a pre-arranged trading plan.
About BlackRock ESG Capital Allocation Term Trust
BlackRock ESG Capital Allocation Term Trust is a closed-end fund focused on sustainable investments, operating within the financial services sector, specifically asset management. Headquartered in New York, NY, the trust is managed by CEO John M. Perlowski. It aims to provide total return through a combination of current income and capital appreciation.
Bottom Line
Saba Capital Management's recent sale of shares in BlackRock ESG Capital Allocation Term Trust highlights ongoing changes in institutional holdings. Investors often track such activities for insights into fund strategies. It's important to note that 13F filings and insider transactions offer a backward-looking view and may not reflect the current position or strategy.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.