ECAT 10% Owner Saba Capital Management, L.P. Sells $639K of Stock

Saba Capital Management, L.P. sold 46,604 shares of BlackRock ESG Capital Allocation Term Trust (ECAT) on October 14, 2026, at a price of $13.72 each, amounting to about $639,407. This sale follows a series of transactions by Saba in the recent weeks.

Inside Saba Capital Management's Trade

Saba Capital Management, a 10% owner of the trust, sold 46,604 shares on the same day at $13.72 per share. This was part of a pattern of trading activity, as they had made several prior sales leading up to this transaction.

Other Institutional Activity in BlackRock ESG Capital Allocation Term Trust

Saba Capital Management has actively managed its holdings in the trust. As of June 30, 2026, it had 17,612,449 shares valued at about $232.8 million, but this was a decrease of 4,408,618 shares, or a 20% drop. Morgan Stanley also reduced its position, selling 43,429 shares to hold 2,161,073 shares valued at approximately $28.6 million. In contrast, Penserra Capital Management LLC increased its stake by 57,921 shares, raising its total to 1,516,889 shares worth about $20.1 million.

BlackRock ESG Capital Allocation Term Trust Stock Down 0.8%

The stock recently traded around $13.46, which is below its 50-day moving average of $14.74 and its 200-day average of $15.02. Additionally, the stock is about 19.2% below its 52-week high of $16.65, but it remains 2.0% above its 52-week low of $13.20.

Recent Earnings

The trust reported a trailing twelve-month earnings per share (EPS) of $2.50. It has a market capitalization of about $1.31 billion and a P/E ratio of 5.29, indicating it is valued at a relatively low price compared to its earnings.

Dividend

BlackRock ESG Capital Allocation Term Trust has a dividend rate of $3.17, giving it a yield of 23.38%. However, its payout ratio is notably high at 134.7%, indicating that it pays out more in dividends than it earns.

Insider Buying and Selling at BlackRock ESG Capital Allocation Term Trust

In the days leading up to this sale, Saba Capital Management made several trades. On October 8, 2026, it sold 47,930 shares at an average price of $14.09, totaling about $675,333. On October 12, it sold 43,625 shares, and on October 13, it sold 26,889 shares at $13.99 each, worth approximately $376,177. This recent sale of 46,604 shares is part of Saba's ongoing adjustments to its holdings in the trust.

About BlackRock ESG Capital Allocation Term Trust

BlackRock ESG Capital Allocation Term Trust focuses on investments that meet environmental, social, and governance (ESG) criteria. The trust aims to provide investors with income and capital appreciation while adhering to responsible investment practices.

Bottom Line

Investors should keep an eye on Saba Capital Management's ongoing trading activity and any future earnings reports to gauge how these changes might impact the trust.