BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Buys $571,843.36 in Stock

Posted by Denise Davis on Oct 25th, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. bought 76,043 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was purchased at an average price of $7.52 per share, with a total value of $571,843.36. Following the purchase, the insider now owns 56,663,422 shares in the company, valued at $426,108,933.44. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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, October 21st, Saba Capital Management, L.P. bought 64,641 shares of BlackRock Innovation and Growth Term Trust stock. The stock was 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. 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. acquired 64,275 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.58 per share, with a total value 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 bought at an average price of $7.70 per share, with a total value of $437,768.10.
On Friday, October 11th, Saba Capital Management, L.P. acquired 45,033 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.65 per share, with a total value of $344,502.45.
On Wednesday, October 9th, Saba Capital Management, L.P. acquired 79,992 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 $607,939.20.
On Monday, October 7th, Saba Capital Management, L.P. acquired 23,490 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought 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. acquired 5,581 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought 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 stock was acquired at an average cost 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 stock was acquired at an average cost of $7.61 per share, with a total value of $177,061.87.

BlackRock Innovation and Growth Term Trust Price Performance

BlackRock Innovation and Growth Term Trust stock opened at $7.57 on Friday. The stock has a fifty day simple moving average of $7.47 and a two-hundred day simple moving average of $7.37. BlackRock Innovation and Growth Term Trust has a 12 month low of $6.21 and a 12 month high of $8.25.

BlackRock Innovation and Growth Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a $0.0864 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 13.71%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Trading of BlackRock Innovation and Growth Term Trust

Large investors have recently modified their holdings of the company. Register Financial Advisors LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust in the first quarter worth $53,000. J.W. Cole Advisors Inc. bought a new stake in BlackRock Innovation and Growth Term Trust during the second quarter valued at about $75,000. Tempus Wealth Planning LLC bought a new stake in BlackRock Innovation and Growth Term Trust during the second quarter valued at about $76,000. Whittier Trust Co. bought a new stake in BlackRock Innovation and Growth Term Trust during the first quarter valued at about $122,000. Finally, Dakota Wealth Management grew its holdings in BlackRock Innovation and Growth Term Trust by 9.4% during the second quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock valued at $153,000 after purchasing an additional 1,824 shares during the period.

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.