Saba Capital Management, L.P. Purchases 94,406 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. bought 94,406 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average price of $7.82 per share, for a total transaction of $738,254.92. Following the acquisition, the insider now directly owns 57,617,107 shares of the company’s stock, valued at $450,565,776.74. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 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 Monday, November 11th, Saba Capital Management, L.P. purchased 22,616 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.83 per share, for a total transaction of $177,083.28.
• On Thursday, November 7th, Saba Capital Management, L.P. bought 40,719 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.71 per share, with a total value of $313,943.49.
• On Tuesday, November 5th, Saba Capital Management, L.P. acquired 16,939 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 $126,534.33.
• 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 cost of $7.66 per share, with a total value of $467,282.98.
• On Monday, October 28th, Saba Capital Management, L.P. bought 123,691 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased 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. bought 68,934 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.55 per share, for a total transaction 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 stock was bought at an average cost of $7.52 per share, for a total transaction of $571,843.36.
• On Monday, October 21st, Saba Capital Management, L.P. purchased 64,641 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.59 per share, with a total value of $490,625.19.
• On Friday, October 18th, Saba Capital Management, L.P. purchased 51,163 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.60 per share, for a total transaction of $388,838.80.
• On Wednesday, October 16th, Saba Capital Management, L.P. bought 64,275 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.58 per share, with a total value of $487,204.50.

BlackRock Innovation and Growth Term Trust Stock Up 0.5 %

Shares of NYSE:BIGZ traded up $0.04 on Thursday, reaching $7.83. 378,450 shares of the company traded hands, compared to its average volume of 697,396. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.66 and a 52 week high of $8.25. The business’s 50-day simple moving average is $7.55 and its 200 day simple moving average is $7.40.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.0863 per share. This represents a $1.04 annualized dividend and a yield of 13.23%. The ex-dividend date is Friday, November 15th.

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

Large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its position in shares of BlackRock Innovation and Growth Term Trust by 9.8% during the first quarter. Janney Montgomery Scott LLC now owns 69,186 shares of the company’s stock worth $563,000 after purchasing an additional 6,202 shares in the last quarter. Tempus Wealth Planning LLC bought a new stake in BlackRock Innovation and Growth Term Trust during the second quarter valued at about $76,000. Blue Bell Private Wealth Management LLC increased its position in shares of BlackRock Innovation and Growth Term Trust by 56.9% during the second quarter. Blue Bell Private Wealth Management LLC now owns 368,889 shares of the company’s stock worth $2,667,000 after purchasing an additional 133,761 shares in the last quarter. PFG Investments LLC boosted its holdings in BlackRock Innovation and Growth Term Trust by 75.1% in the second quarter. PFG Investments LLC now owns 23,538 shares of the company’s stock worth $170,000 after acquiring an additional 10,099 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of BlackRock Innovation and Growth Term Trust during the third quarter valued at $1,690,000.

About BlackRock Innovation and Growth Term Trust

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.