Categories: Insider Trading News

Saba capital administration sells $448,045 of BlackRock California Municipal Revenue Belief inventory


Saba Capital Administration, L.P., a big shareholder in BlackRock (NYSE:BLK) California Municipal Revenue Belief (NYSE:BFZ), reported a latest sale of shares. In keeping with a submitting with the Securities and Change Fee, Saba Capital Administration disposed of 39,580 shares at a mean value of $11.32 per share, amounting to a complete transaction worth of $448,045. Following this transaction, Saba Capital Administration holds 5,160,508 shares not directly. The transaction was executed on January 22, 2025.

The belief, with a market capitalization of $339 million, at present gives a considerable 6.28% dividend yield and has maintained dividend funds for 25 consecutive years, based on InvestingPro knowledge. The inventory is buying and selling close to its 52-week low of $11.10, with further insights and evaluation obtainable by means of InvestingPro’s complete monetary metrics and instruments.

This text was generated with the help of AI and reviewed by an editor. For extra info see our T&C.

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