BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Saba Capital Management, L.P. Purchases 68,422 Shares

Posted by Charles Blunt on Nov 28th, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. bought 68,422 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were acquired at an average cost of $7.86 per share, for a total transaction of $537,796.92. Following the completion of the acquisition, the insider now directly owns 57,860,159 shares of the company’s stock, valued at $454,780,849.74. This trade represents a 0.12 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock 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 25th, Saba Capital Management, L.P. bought 266,732 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.96 per share, for a total transaction of $2,123,186.72.
On Tuesday, November 19th, Saba Capital Management, L.P. bought 92,376 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 $702,057.60.
On Wednesday, November 13th, Saba Capital Management, L.P. acquired 94,406 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.82 per share, for a total transaction of $738,254.92.
On Monday, November 11th, Saba Capital Management, L.P. acquired 22,616 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased 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. acquired 40,719 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.71 per share, for a total transaction 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 purchased at an average cost of $7.47 per share, for a total transaction of $126,534.33.
On Wednesday, October 30th, Saba Capital Management, L.P. acquired 61,003 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.66 per share, for a total transaction of $467,282.98.
On Monday, October 28th, Saba Capital Management, L.P. acquired 123,691 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost 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 stock was 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. bought 76,043 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.52 per share, with a total value of $571,843.36.

BlackRock Innovation and Growth Term Trust Trading Down 1.0 %

Shares of BIGZ opened at $7.92 on Thursday. The firm has a 50-day moving average price of $7.63 and a 200 day moving average price of $7.43. 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 announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.0863 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.04 dividend on an annualized basis and a yield of 13.08%.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors grew its position in BlackRock Innovation and Growth Term Trust by 4.8% in the 3rd quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock valued at $248,000 after buying an additional 1,500 shares in the last quarter. Dakota Wealth Management boosted its position in shares of BlackRock Innovation and Growth Term Trust by 9.4% during the 2nd 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 in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of BlackRock Innovation and Growth Term Trust by 14.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 38,560 shares of the company’s stock valued at $314,000 after purchasing an additional 4,810 shares in the last quarter. PFG Investments LLC boosted its position in shares of 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 valued at $170,000 after purchasing an additional 10,099 shares in the last quarter. Finally, J.W. Cole Advisors Inc. bought a new position in shares of BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at about $75,000.

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.