BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Saba Capital Management, L.P. Buys 19,386 Shares of Stock

Posted by MarketBeat News on Oct 1st, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 19,386 shares of BlackRock Innovation and Growth Term Trust stock in a transaction that occurred on Monday, September 30th. The stock was bought at an average price of $7.57 per share, with a total value of $146,752.02. Following the purchase, the insider now directly owns 55,794,604 shares of the company’s stock, valued at $422,365,152.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large 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 Friday, September 27th, Saba Capital Management, L.P. bought 23,267 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.61 per share, with a total value of $177,061.87.
On Wednesday, September 25th, Saba Capital Management, L.P. bought 31,988 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.52 per share, with a total value of $240,549.76.
On Monday, September 23rd, Saba Capital Management, L.P. bought 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. purchased 315,074 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.47 per share, with a total value of $2,353,602.78.
On Monday, September 16th, Saba Capital Management, L.P. purchased 31,631 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.33 per share, for a total transaction of $231,855.23.
On Friday, August 23rd, Saba Capital Management, L.P. bought 30,643 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.32 per share, with a total value 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 price of $7.27 per share, with a total value of $607,219.48.
On Monday, August 19th, Saba Capital Management, L.P. purchased 36,418 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought 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. bought 83,903 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought 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. purchased 13,283 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $6.83 per share, with a total value of $90,722.89.

BlackRock Innovation and Growth Term Trust Trading Up 0.1 %

Shares of NYSE BIGZ traded up $0.01 during midday trading on Tuesday, hitting $7.56. 242,920 shares of the stock traded hands, compared to its average volume of 722,823. BlackRock Innovation and Growth Term Trust has a one year low of $6.21 and a one year high of $8.25. The business has a 50 day moving average price of $7.31 and a two-hundred day moving average price of $7.40.

BlackRock Innovation and Growth Term Trust Announces Dividend

Want More Great Investing Ideas?

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a $0.0864 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.04 annualized dividend and a dividend yield of 13.72%.

Institutional Trading of BlackRock Innovation and Growth Term Trust

Several hedge funds have recently made changes to their positions in the company. Register Financial Advisors LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the 1st quarter worth about $53,000. LM Advisors LLC bought a new position in BlackRock Innovation and Growth Term Trust during the 4th quarter valued at approximately $1,133,000. Janney Montgomery Scott LLC increased its position in 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 valued at $563,000 after buying an additional 6,202 shares in the last quarter. Virtu Financial LLC boosted its stake in BlackRock Innovation and Growth Term Trust by 84.6% during the 4th quarter. Virtu Financial LLC now owns 39,245 shares of the company’s stock valued at $288,000 after purchasing an additional 17,987 shares during the last quarter. Finally, Tempus Wealth Planning LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter worth $76,000.

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.