BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Saba Capital Management, L.P. Buys 79,992 Shares

Posted by Lorenzo Tanos on Oct 11th, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. bought 79,992 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were purchased at an average price of $7.60 per share, with a total value of $607,939.20. Following the purchase, the insider now owns 55,988,272 shares of the company’s stock, valued at approximately $425,510,867.20. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% 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 Monday, October 7th, Saba Capital Management, L.P. bought 23,490 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.53 per share, with a total value of $176,879.70.
On Thursday, October 3rd, Saba Capital Management, L.P. bought 5,581 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.53 per share, with a total value 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 purchased at an average price of $7.57 per share, with a total value of $146,752.02.
On Friday, September 27th, Saba Capital Management, L.P. bought 23,267 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.61 per share, with a total value of $177,061.87.
On Wednesday, September 25th, Saba Capital Management, L.P. acquired 31,988 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.52 per share, with a total value of $240,549.76.
On Monday, September 23rd, Saba Capital Management, L.P. acquired 118,879 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.51 per share, with a total value of $892,781.29.
On Wednesday, September 18th, Saba Capital Management, L.P. acquired 315,074 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.47 per share, with a total value of $2,353,602.78.
On Monday, September 16th, Saba Capital Management, L.P. acquired 31,631 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.33 per share, with a total value of $231,855.23.
On Friday, August 23rd, Saba Capital Management, L.P. acquired 30,643 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought 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. acquired 83,524 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.27 per share, with a total value of $607,219.48.

BlackRock Innovation and Growth Term Trust Stock Performance

NYSE BIGZ opened at $7.63 on Friday. BlackRock Innovation and Growth Term Trust has a 1 year low of $6.21 and a 1 year high of $8.25. The company has a fifty day moving average of $7.36 and a two-hundred day moving average of $7.39.

BlackRock Innovation and Growth Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.0864 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 13.59%.

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

A number of institutional investors and hedge funds have recently made changes to their positions in BIGZ. Thompson Investment Management Inc. purchased a new position in BlackRock Innovation and Growth Term Trust during the first quarter worth about $33,000. Register Financial Advisors LLC purchased a new position in BlackRock Innovation and Growth Term Trust during the first quarter worth about $53,000. J.W. Cole Advisors Inc. purchased a new position in BlackRock Innovation and Growth Term Trust during the second quarter worth about $75,000. Tempus Wealth Planning LLC purchased a new position in BlackRock Innovation and Growth Term Trust during the second quarter worth about $76,000. Finally, Skyline Advisors Inc. purchased a new position in BlackRock Innovation and Growth Term Trust during the fourth quarter worth about $98,000.

About BlackRock Innovation and Growth Term Trust

(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.