Saba Capital Management, L.P. Purchases 69,719 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 69,719 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average cost of $7.65 per share, with a total value of $533,350.35. Following the transaction, the insider now directly owns 59,615,955 shares of the company’s stock, valued at $456,062,055.75. The trade was a 0.12 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more 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, December 16th, Saba Capital Management, L.P. purchased 350,000 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.91 per share, for a total transaction of $2,768,500.00.
• On Thursday, December 12th, Saba Capital Management, L.P. acquired 355,173 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.87 per share, for a total transaction of $2,795,211.51.
• On Wednesday, December 4th, Saba Capital Management, L.P. acquired 185,716 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $8.07 per share, for a total transaction of $1,498,728.12.
• On Monday, December 2nd, Saba Capital Management, L.P. purchased 94,924 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.98 per share, for a total transaction of $757,493.52.
• On Monday, November 25th, Saba Capital Management, L.P. purchased 266,732 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.96 per share, for a total transaction of $2,123,186.72.
• On Friday, November 22nd, Saba Capital Management, L.P. purchased 68,422 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.86 per share, for a total transaction of $537,796.92.
• On Tuesday, November 19th, Saba Capital Management, L.P. purchased 92,376 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price 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 shares were bought 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 shares were bought 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 shares were bought at an average cost of $7.71 per share, for a total transaction of $313,943.49.

BlackRock Innovation and Growth Term Trust Stock Down 1.3 %

BIGZ opened at $7.50 on Friday. BlackRock Innovation and Growth Term Trust has a 52-week low of $6.66 and a 52-week high of $8.25. The firm’s fifty day simple moving average is $7.73 and its two-hundred day simple moving average is $7.49.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 16th were issued a dividend of $0.0868 per share. This represents a $1.04 annualized dividend and a yield of 13.88%. The ex-dividend date of this dividend was Monday, December 16th.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Captrust Financial Advisors lifted its stake in shares of BlackRock Innovation and Growth Term Trust by 4.8% in the third quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock worth $248,000 after buying an additional 1,500 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the third quarter worth about $1,690,000. Blue Bell Private Wealth Management LLC lifted its stake in shares of BlackRock Innovation and Growth Term Trust by 56.9% in the second quarter. Blue Bell Private Wealth Management LLC now owns 368,889 shares of the company’s stock worth $2,667,000 after buying an additional 133,761 shares in the last quarter. PFG Investments LLC lifted its stake in shares of 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 buying an additional 10,099 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the second quarter worth about $75,000.

BlackRock Innovation and Growth Term Trust Company Profile

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.