ECAT 10% Owner Saba Capital Management, L.P. Sells $675K of Stock
Saba Capital Management sold 47,930 shares of BlackRock ESG Capital Allocation Term Trust for $675,334 on October 8, 2026.
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Saba Capital Management, L.P., 10% Owner at BlackRock ESG Capital Allocation Term Trust ($ECAT), sold 47,930 shares at an average price of $14.09, worth about $675,333.70, on October 8, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $ECAT is down 1.9% after 1 week and down 4.5% to date (from the $13.84 close on Oct 8, 2026).
ECAT
BlackRock ESG Capital Allocation Term Trust
Key Points
- Saba Capital Management sold 47,930 shares of BlackRock ESG Capital Allocation Term Trust for $675,334 on October 8, 2026.
- The trust's stock has traded between $13.36 and $16.73 over the past year, with a recent close of $14.36.
- Saba Capital has been active in selling shares, including a sale of 26,889 shares just a day earlier.
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Saba Capital's Recent Sale
On October 8, 2026, Saba Capital Management sold 47,930 shares of BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) for $675,333.70. The shares were sold at a price of $14.09 each. This transaction reflects ongoing adjustments by the firm, a significant shareholder in the trust.
Continuing a Selling Trend
This sale follows a series of transactions by Saba Capital Management, which has been actively selling shares in the trust. Just a day prior, on October 7, the firm sold 26,889 shares for roughly $376,177.11. These actions indicate a pattern of reducing its stake in the trust, which is currently trading near its 52-week low.
How BlackRock ESG Capital Allocation Term Trust Stock Has Traded
Shares of BlackRock ESG Capital Allocation Term Trust have fluctuated in the past year, with the stock trading between $13.36 and $16.73. The most recent close was $14.36, which is close to the lower end of that range. The trust's performance could be a factor in Saba Capital's decision to trim its holdings.
Insider Buying and Selling at BlackRock ESG Capital Allocation Term Trust
Saba Capital Management has been notably active in adjusting its position in BlackRock ESG Capital Allocation Term Trust. On October 14, 2026, the firm sold 46,604 shares at an average price of $13.72, totaling about $639,406.88. Additionally, on October 13, they sold 26,889 shares at $13.99, worth approximately $376,177.11. Earlier in June, the firm also sold significant amounts of shares, including 111,432 shares at $15.40, valued at $1,716,052.80. This consistent selling trend highlights Saba's strategy regarding its investment in the trust.
What BlackRock ESG Capital Allocation Term Trust Does
BlackRock ESG Capital Allocation Term Trust focuses on investments that consider environmental, social, and governance (ESG) factors. The trust operates in the financial services sector and has a market capitalization of approximately $1.44 billion. With a P/E ratio of about 5.77, it has been attracting attention for its valuation compared to earnings.
What’s Next for Saba Capital
Investors will be watching for further filings from Saba Capital Management, especially as the trust approaches its next earnings report scheduled for September 1, 2025. The recent trades reflect a strategic repositioning by Saba, which may indicate their outlook on the trust's future performance. As always, the information from these filings reflects past holdings and may not represent current positions.
Related Filing Alerts
Source: Saba Capital Management, L.P.'s Form 4 filing on $ECAT (Oct 8, 2026). Find the original filing: ECAT Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts