Saba Capital Management, L.P. Acquires 79,992 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock

Posted by MarketBeat News on Oct 12th, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. bought 79,992 shares of BlackRock Innovation and Growth Term Trust stock in a transaction dated Wednesday, October 9th. The stock was acquired at an average cost of $7.60 per share, with a total value of $607,939.20. Following the completion of the acquisition, the insider now directly owns 55,988,272 shares of the company’s stock, valued at approximately $425,510,867.20. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% 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, October 7th, Saba Capital Management, L.P. purchased 23,490 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.53 per share, for a total transaction 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 cost 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 bought at an average cost of $7.57 per share, for a total transaction of $146,752.02.
On Friday, September 27th, Saba Capital Management, L.P. purchased 23,267 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.61 per share, with a total value of $177,061.87.
On Wednesday, September 25th, Saba Capital Management, L.P. acquired 31,988 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased 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 purchased at an average cost of $7.51 per share, for a total transaction 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 shares were purchased 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. bought 31,631 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired 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 shares were acquired 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. purchased 83,524 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.27 per share, for a total transaction of $607,219.48.

BlackRock Innovation and Growth Term Trust Price Performance

BlackRock Innovation and Growth Term Trust stock opened at $7.70 on Friday. 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 fifty day moving average of $7.37 and a two-hundred day moving average of $7.39.

BlackRock Innovation and Growth Term Trust Dividend Announcement

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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 paid a $0.0864 dividend. This represents a $1.04 annualized dividend and a dividend yield of 13.47%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Trading of BlackRock Innovation and Growth Term Trust

A number of institutional investors have recently added to or reduced their stakes in BIGZ. Dakota Wealth Management grew its holdings in BlackRock Innovation and Growth Term Trust by 9.4% in 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 last quarter. Thompson Investment Management Inc. acquired a new stake in BlackRock Innovation and Growth Term Trust in the 1st quarter valued at about $33,000. B. Riley Wealth Advisors Inc. increased its holdings in 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 acquiring an additional 4,810 shares in the last quarter. PNC Financial Services Group Inc. raised its position in BlackRock Innovation and Growth Term Trust by 20.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 29,335 shares of the company’s stock worth $215,000 after acquiring an additional 5,040 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of BlackRock Innovation and Growth Term Trust by 9.8% in the first quarter. Janney Montgomery Scott LLC now owns 69,186 shares of the company’s stock valued at $563,000 after purchasing an additional 6,202 shares in the last quarter.

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.