BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Saba Capital Management, L.P. Buys 31,988 Shares

Posted by Irma Garcia on Sep 29th, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 31,988 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were acquired at an average price of $7.52 per share, for a total transaction of $240,549.76. Following the completion of the acquisition, the insider now directly owns 55,727,774 shares in the company, valued at $419,072,860.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major 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, September 23rd, Saba Capital Management, L.P. purchased 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 shares were bought at an average price of $7.47 per share, for a total transaction of $2,353,602.78.
On Monday, September 16th, Saba Capital Management, L.P. bought 31,631 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.33 per share, with a total value of $231,855.23.
On Friday, August 23rd, Saba Capital Management, L.P. purchased 30,643 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.32 per share, for a total transaction 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 purchased at an average cost of $7.27 per share, with a total value of $607,219.48.
On Monday, August 19th, Saba Capital Management, L.P. bought 36,418 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.22 per share, for a total transaction of $262,937.96.
On Wednesday, August 7th, Saba Capital Management, L.P. purchased 83,903 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $6.95 per share, with a total value 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 purchased at an average price of $6.83 per share, for a total transaction 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 shares were acquired at an average price of $7.30 per share, with a total value of $2,920.00.
On Monday, July 29th, Saba Capital Management, L.P. purchased 27,528 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.25 per share, with a total value of $199,578.00.

BlackRock Innovation and Growth Term Trust Trading Up 0.5 %

BIGZ opened at $7.60 on Friday. The company’s 50-day moving average price is $7.30 and its 200 day moving average price is $7.41. 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 business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors 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 13.65%.

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

Several large investors have recently added to or reduced their stakes in BIGZ. Sessa Capital IM L.P. boosted its holdings in shares of BlackRock Innovation and Growth Term Trust by 15.0% during the second quarter. Sessa Capital IM L.P. now owns 2,739,993 shares of the company’s stock valued at $19,810,000 after acquiring an additional 356,372 shares during the period. Karpus Management Inc. boosted its stake in BlackRock Innovation and Growth Term Trust by 24.2% during the 1st quarter. Karpus Management Inc. now owns 1,495,480 shares of the company’s stock valued at $12,173,000 after purchasing an additional 291,622 shares during the period. Wolverine Asset Management LLC acquired a new position in BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at about $4,192,000. Almitas Capital LLC bought a new position in BlackRock Innovation and Growth Term Trust in the 2nd quarter worth about $3,928,000. Finally, Quarry LP increased its stake in shares of BlackRock Innovation and Growth Term Trust by 251.2% in the second quarter. Quarry LP now owns 397,934 shares of the company’s stock valued at $2,877,000 after purchasing an additional 284,634 shares during the period.

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.