L.P. Saba Capital Management Sells Shares of BlackRock ESG Capital Allocation Term Trust
L.P. Saba Capital Management offloads shares worth $1.72 million in BlackRock ESG Capital Allocation Term Trust.
Key Points
- L.P. Saba Capital Management sold 111,432 shares of BlackRock ESG Capital Allocation Term Trust on June 25, 2026, valued at $1.72 million.
- Shares of NYSE:ECAT traded near $15.39 on Friday, with a market cap of $1.54 billion and a P/E ratio of 7.18.
- Other institutional investors like Morgan Stanley and Penserra Capital Management adjusted their positions in BlackRock ESG Capital Allocation Term Trust.
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L.P. Saba Capital Management sold 111,432 shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) on June 25, 2026. The shares were sold at an average price of $15.40, totaling about $1.72 million. This transaction was not part of a pre-arranged trading plan.
What Changed in L.P. Saba Capital Management's BlackRock ESG Capital Allocation Term Trust Position
L.P. Saba Capital Management offloaded 111,432 shares of BlackRock ESG Capital Allocation Term Trust, reflecting a strategic decision to reduce its stake. The shares were sold at an average price of $15.40, amounting to a total value of approximately $1.72 million.
Other Institutional Activity in BlackRock ESG Capital Allocation Term Trust
Several other institutional investors have also been active in BlackRock ESG Capital Allocation Term Trust. SABA Capital Management, L.P. reduced its holdings by 4,314,094 shares, now holding 22,022,163 shares valued at approximately $299.06 million, marking a 16.4% decrease. Morgan Stanley added 37,517 shares, bringing its total to 2,204,468 shares valued at about $29.94 million, a 1.7% increase. Penserra Capital Management LLC increased its position by 94,638 shares, ending with 1,459,010 shares worth around $19.81 million, reflecting a 6.9% increase. BlackRock, Inc. grew its holdings slightly by 5,000 shares to a total of 1,233,545 shares, valued at approximately $16.75 million.
BlackRock ESG Capital Allocation Term Trust Stock Up 1.3%
Shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) traded near $15.39 on Friday. The company has a market capitalization of approximately $1.54 billion and a price-to-earnings (P/E) ratio of 7.18. Over the past year, the stock has seen a 52-week low of $13.36 and a high of $17.14. The trust's 50-day moving average is $15.16, while its 200-day moving average is $15.46.
$ECAT stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at BlackRock ESG Capital Allocation Term Trust
L.P. Saba Capital Management has been actively selling shares of BlackRock ESG Capital Allocation Term Trust over several days in June 2026. On June 25, 111,432 shares were sold at $15.40 each. This followed sales of 111,896 shares on June 24 at $15.25, 91,365 shares on June 23 at $15.37, 64,443 shares on June 22 at $15.50, 40,481 shares on June 18 at $15.45, and 10,034 shares on June 17 at $15.35. None of these sales were part of a planned trading program.
About BlackRock ESG Capital Allocation Term Trust
BlackRock ESG Capital Allocation Term Trust is a closed-end fund specializing in asset management within the financial services sector. Headquartered in New York, NY, and led by CEO John M. Perlowski, the trust focuses on investments that meet environmental, social, and governance (ESG) criteria. The fund aims to provide shareholders with a return through a diversified portfolio.
Bottom Line
L.P. Saba Capital Management's recent sale of shares in BlackRock ESG Capital Allocation Term Trust highlights ongoing activity in the fund's ownership. Investors track these moves to gauge sentiment and potential future performance. As always, 13F filings and insider trades are backward-looking and may not reflect current holdings or future plans.
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