Saba Capital Sells Shares of BlackRock ESG Capital Allocation Term Trust
Saba Capital Management sold 75,754 shares of BlackRock ESG Capital Allocation Term Trust on June 26, 2026.
Key Points
- Saba Capital Management sold 75,754 shares of BlackRock ESG Capital Allocation Term Trust, valued at approximately $1.16 million, on June 26, 2026.
- Shares of NYSE:ECAT traded near $15.72 on Wednesday, with a market cap of $1.52 billion and a P/E ratio of 7.1.
- Saba Capital Management also reported other recent sales, while peers like Morgan Stanley increased their holdings.
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Saba Capital Management sold 75,754 shares of BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) on June 26, 2026. The shares were sold at an average price of $15.37 each, totaling approximately $1.16 million.
Other Institutional Activity in BlackRock ESG Capital Allocation Term Trust
SABA Capital Management, L.P. reduced its holdings by 4,314,094 shares, ending with 22,022,163 shares valued at around $299.1 million, marking a 16.4% decrease. Morgan Stanley, on the other hand, increased its position by 37,517 shares to a total of 2,204,468 shares, worth about $29.9 million, reflecting a 1.7% increase. Penserra Capital Management LLC boosted its stake by 94,638 shares, reaching 1,459,010 shares valued at approximately $19.8 million, a 6.9% increase. BlackRock, Inc. added 5,000 shares, bringing its total to 1,233,545 shares valued at $16.8 million, a 0.4% increase. Royal Bank of Canada also increased its holdings by 9,985 shares to 1,223,160 shares, valued at $16.6 million, a 0.8% increase.
BlackRock ESG Capital Allocation Term Trust Stock Up 2.3%
Shares of NYSE:ECAT traded near $15.72 on Wednesday. The BlackRock ESG Capital Allocation Term Trust has a market capitalization of about $1.52 billion and a P/E ratio of 7.1. The stock's 52-week range is between $13.36 and $17.14, with a 50-day moving average of $15.18 and a 200-day moving average of $15.45.
$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, L.P. was active in selling shares of BlackRock ESG Capital Allocation Term Trust throughout late June 2026. On June 29, 2026, Saba sold 112,371 shares at an average price of $15.54. Prior to that, on June 26, it sold 75,754 shares at $15.37. Additional sales included 111,432 shares on June 25 at $15.40, 111,896 shares on June 24 at $15.25, 91,365 shares on June 23 at $15.37, and 64,443 shares on June 22 at $15.50.
About BlackRock ESG Capital Allocation Term Trust
BlackRock ESG Capital Allocation Term Trust is a closed-end fund managed by BlackRock, Inc., a global leader in investment management based in New York, NY. The trust focuses on sustainable and socially responsible investments, aligning with environmental, social, and governance (ESG) criteria. It is part of the asset management sector and has been led by CEO John M. Perlowski, CPA.
Bottom Line
Saba Capital Management's recent sale of shares in BlackRock ESG Capital Allocation Term Trust highlights its active management strategy. Investors often watch insider transactions like these for potential market signals. However, it's important to remember that such filings are backward-looking and may not reflect the investor's current position.
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