Saba Capital Management, L.P., a prominent investment firm, reported significant stock sales in BlackRock (NYSE:BLK) Capital Allocation Term Trust (NYSE:BCAT) according to a recent SEC filing. The transactions, executed on November 26 and 27, involved the sale of 47,180 and 42,387 shares, respectively. The stock was sold at prices ranging from $16.14 to $16.17 per share, culminating in a total value of approximately $1.45 million. BCAT, currently trading at $16.31, is a $1.75 billion market cap fund known for its significant dividend yield of 21.23%. Following these transactions, Saba Capital Management holds 14,149,716 shares of BlackRock Capital Allocation Term Trust.
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