Saba Capital Management, L.P. Buys 56,853 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock

Posted by Steven Smith on Oct 18th, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 56,853 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was purchased at an average cost of $7.70 per share, with a total value of $437,768.10. Following the purchase, the insider now directly owns 56,152,810 shares in the company, valued at approximately $432,376,637. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Wednesday, October 16th, Saba Capital Management, L.P. bought 64,275 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.58 per share, with a total value of $487,204.50.
On Friday, October 11th, Saba Capital Management, L.P. purchased 45,033 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.65 per share, for a total transaction of $344,502.45.
On Wednesday, October 9th, Saba Capital Management, L.P. acquired 79,992 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.60 per share, with a total value of $607,939.20.
On Monday, October 7th, Saba Capital Management, L.P. purchased 23,490 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.53 per share, with a total value of $176,879.70.
On Thursday, October 3rd, Saba Capital Management, L.P. acquired 5,581 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.53 per share, for a total transaction of $42,024.93.
On Monday, September 30th, Saba Capital Management, L.P. bought 19,386 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.57 per share, with a total value of $146,752.02.
On Friday, September 27th, Saba Capital Management, L.P. purchased 23,267 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.61 per share, for a total transaction of $177,061.87.
On Wednesday, September 25th, Saba Capital Management, L.P. bought 31,988 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.52 per share, for a total transaction of $240,549.76.
On Monday, September 23rd, Saba Capital Management, L.P. purchased 118,879 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.51 per share, with a total value of $892,781.29.
On Wednesday, September 18th, Saba Capital Management, L.P. purchased 315,074 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.47 per share, with a total value of $2,353,602.78.

BlackRock Innovation and Growth Term Trust Stock Down 0.4 %

Shares of BIGZ opened at $7.56 on Friday. The firm’s 50 day moving average price is $7.43 and its 200 day moving average price is $7.38. BlackRock Innovation and Growth Term Trust has a twelve month low of $6.21 and a twelve month high of $8.25.

BlackRock Innovation and Growth Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a $0.0864 dividend. This represents a $1.04 annualized dividend and a dividend yield of 13.72%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

A number of large investors have recently bought and sold shares of BIGZ. Sanctuary Advisors LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the second quarter worth about $1,401,000. Quarry LP lifted its holdings in BlackRock Innovation and Growth Term Trust by 251.2% in the 2nd quarter. Quarry LP now owns 397,934 shares of the company’s stock worth $2,877,000 after purchasing an additional 284,634 shares during the last quarter. Almitas Capital LLC bought a new stake in BlackRock Innovation and Growth Term Trust during the second quarter worth approximately $3,928,000. Sessa Capital IM L.P. grew its holdings in BlackRock Innovation and Growth Term Trust by 15.0% during the second quarter. Sessa Capital IM L.P. now owns 2,739,993 shares of the company’s stock valued at $19,810,000 after purchasing an additional 356,372 shares during the last quarter. Finally, Logan Stone Capital LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust in the second quarter valued at approximately $352,000.

BlackRock Innovation and Growth Term Trust Company Profile

(Get Free Report)

BlackRock Innovation and Growth Term Trust is a mutual fund launched by BlackRock, Inc and managed by BlackRock Advisors, LLC. BlackRock Innovation and Growth Term Trust is based in United States.