BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Saba Capital Management, L.P. Buys 16,939 Shares

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. purchased 16,939 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average cost of $7.47 per share, with a total value of $126,534.33. Following the purchase, the insider now directly owns 57,170,615 shares in the company, valued at approximately $427,064,494.05. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large 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 30th, Saba Capital Management, L.P. bought 61,003 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.66 per share, with a total value of $467,282.98.
• On Monday, October 28th, Saba Capital Management, L.P. purchased 123,691 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.62 per share, for a total transaction of $942,525.42.
• On Friday, October 25th, Saba Capital Management, L.P. acquired 68,934 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.55 per share, with a total value of $520,451.70.
• On Wednesday, October 23rd, Saba Capital Management, L.P. purchased 76,043 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.52 per share, with a total value of $571,843.36.
• On Monday, October 21st, Saba Capital Management, L.P. acquired 64,641 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.59 per share, for a total transaction of $490,625.19.
• On Friday, October 18th, Saba Capital Management, L.P. acquired 51,163 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.60 per share, with a total value of $388,838.80.
• On Wednesday, October 16th, Saba Capital Management, L.P. purchased 64,275 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.58 per share, for a total transaction of $487,204.50.
• On Monday, October 14th, Saba Capital Management, L.P. acquired 56,853 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.70 per share, for a total transaction of $437,768.10.
• On Friday, October 11th, Saba Capital Management, L.P. bought 45,033 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.65 per share, with a total value 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 cost of $7.60 per share, for a total transaction of $607,939.20.

BlackRock Innovation and Growth Term Trust Trading Up 0.8 %

BlackRock Innovation and Growth Term Trust stock opened at $7.74 on Friday. The stock has a fifty day moving average price of $7.52 and a 200 day moving average price of $7.38. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.66 and a 52 week high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.0863 per share. The ex-dividend date is Friday, November 15th. This represents a $1.04 annualized dividend and a dividend yield of 13.39%.

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

Several hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its holdings in shares of BlackRock Innovation and Growth Term Trust by 9.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 69,186 shares of the company’s stock worth $563,000 after buying an additional 6,202 shares during the last quarter. Tempus Wealth Planning LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter worth about $76,000. Blue Bell Private Wealth Management LLC lifted its stake in shares of BlackRock Innovation and Growth Term Trust by 56.9% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 368,889 shares of the company’s stock valued at $2,667,000 after purchasing an additional 133,761 shares in the last quarter. PFG Investments LLC increased its position in BlackRock Innovation and Growth Term Trust by 75.1% during the 2nd quarter. PFG Investments LLC now owns 23,538 shares of the company’s stock worth $170,000 after purchasing an additional 10,099 shares in the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the second quarter worth $75,000.

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.