Insider Buying: BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Acquires $437,768.10 in Stock

Posted by Elija Maina on Oct 18th, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. bought 56,853 shares of BlackRock Innovation and Growth Term Trust stock in a transaction on Monday, October 14th. The shares were purchased at an average cost of $7.70 per share, with a total value of $437,768.10. Following the completion of the purchase, the insider now directly owns 56,152,810 shares in the company, valued at $432,376,637. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 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 Wednesday, October 16th, Saba Capital Management, L.P. purchased 64,275 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.58 per share, for a total transaction of $487,204.50.
On Friday, October 11th, Saba Capital Management, L.P. bought 45,033 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.65 per share, for a total transaction of $344,502.45.
On Wednesday, October 9th, Saba Capital Management, L.P. purchased 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 shares were acquired at an average cost of $7.53 per share, for a total transaction 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 stock was bought at an average cost 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 bought at an average cost of $7.57 per share, for a total transaction of $146,752.02.
On Friday, September 27th, Saba Capital Management, L.P. acquired 23,267 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought 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. bought 31,988 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost 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. acquired 315,074 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.47 per share, for a total transaction of $2,353,602.78.

BlackRock Innovation and Growth Term Trust Stock Down 0.4 %

Shares of BIGZ stock opened at $7.56 on Friday. The stock has a 50-day simple moving average of $7.43 and a 200 day simple moving average of $7.38. BlackRock Innovation and Growth Term Trust has a fifty-two week low of $6.21 and a fifty-two week high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

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

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

Several hedge funds have recently made changes to their positions in BIGZ. Thompson Investment Management Inc. bought a new stake in BlackRock Innovation and Growth Term Trust during the first quarter worth approximately $33,000. Register Financial Advisors LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust during the 1st quarter valued at $53,000. J.W. Cole Advisors Inc. bought a new stake in shares of BlackRock Innovation and Growth Term Trust during the 2nd quarter worth $75,000. Tempus Wealth Planning LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter worth $76,000. Finally, Whittier Trust Co. acquired a new stake in shares of BlackRock Innovation and Growth Term Trust during the first quarter worth $122,000.

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.