Insider Buying: BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Buys 31,631 Shares of Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. purchased 31,631 shares of the business’s stock in a transaction on Monday, September 16th. The stock was acquired at an average price of $7.33 per share, for a total transaction of $231,855.23. Following the completion of the purchase, the insider now owns 54,873,172 shares of the company’s stock, valued at $402,220,350.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, August 23rd, Saba Capital Management, L.P. bought 30,643 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.32 per share, with a total value of $224,306.76.
• On Wednesday, August 21st, Saba Capital Management, L.P. purchased 83,524 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.27 per share, for a total transaction of $607,219.48.
• On Monday, August 19th, Saba Capital Management, L.P. purchased 36,418 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.22 per share, with a total value of $262,937.96.
• On Wednesday, August 7th, Saba Capital Management, L.P. acquired 83,903 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $6.95 per share, for a total transaction of $583,125.85.
• On Monday, August 5th, Saba Capital Management, L.P. acquired 13,283 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $6.83 per share, with a total value of $90,722.89.
• On Thursday, August 1st, Saba Capital Management, L.P. bought 400 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.30 per share, for a total transaction of $2,920.00.
• On Monday, July 29th, Saba Capital Management, L.P. acquired 27,528 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.25 per share, for a total transaction of $199,578.00.
• On Friday, July 26th, Saba Capital Management, L.P. purchased 4,902 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.24 per share, with a total value of $35,490.48.
• On Wednesday, July 24th, Saba Capital Management, L.P. purchased 116,570 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.30 per share, with a total value of $850,961.00.
• On Monday, July 22nd, Saba Capital Management, L.P. acquired 20,254 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.35 per share, with a total value of $148,866.90.

BlackRock Innovation and Growth Term Trust Stock Performance

NYSE:BIGZ traded up $0.11 on Tuesday, hitting $7.45. 222,718 shares of the stock were exchanged, compared to its average volume of 731,479. BlackRock Innovation and Growth Term Trust has a fifty-two week low of $6.21 and a fifty-two week high of $8.25. The stock has a fifty day moving average of $7.28 and a 200-day moving average of $7.44.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.0864 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.04 dividend on an annualized basis and a yield of 13.92%.

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

Several large investors have recently made changes to their positions in the business. Thompson Investment Management Inc. acquired a new stake in BlackRock Innovation and Growth Term Trust in the 1st quarter valued at $33,000. Register Financial Advisors LLC purchased a new stake in BlackRock Innovation and Growth Term Trust during the 1st quarter worth $53,000. J.W. Cole Advisors Inc. acquired a new position in BlackRock Innovation and Growth Term Trust in the 2nd quarter worth $75,000. Tempus Wealth Planning LLC purchased a new position in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at about $76,000. Finally, Skyline Advisors Inc. acquired a new stake in shares of BlackRock Innovation and Growth Term Trust during the fourth quarter valued at about $98,000.

BlackRock Innovation and Growth Term Trust Company Profile

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.