BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Saba Capital Management, L.P. Purchases 56,853 Shares of Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. purchased 56,853 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were bought at an average price of $7.70 per share, with a total value of $437,768.10. Following the purchase, the insider now owns 56,152,810 shares in the company, valued at $432,376,637. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 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 Friday, October 11th, Saba Capital Management, L.P. acquired 45,033 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost 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 acquired at an average cost 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 acquired at an average cost 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 acquired 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. acquired 19,386 shares of BlackRock Innovation and Growth Term Trust stock. The shares were 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. acquired 23,267 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired 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 acquired at an average cost of $7.52 per share, with a total value of $240,549.76.
• On Monday, September 23rd, Saba Capital Management, L.P. purchased 118,879 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost 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 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. purchased 31,631 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.33 per share, with a total value of $231,855.23.

BlackRock Innovation and Growth Term Trust Stock Down 0.9 %

BlackRock Innovation and Growth Term Trust stock opened at $7.64 on Wednesday. The business has a 50 day moving average price of $7.41 and a two-hundred day moving average price of $7.38. 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 business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.0864 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 13.58%.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

A number of hedge funds have recently modified their holdings of BIGZ. Thompson Investment Management Inc. acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the 1st quarter worth approximately $33,000. Register Financial Advisors LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the 1st quarter worth approximately $53,000. J.W. Cole Advisors Inc. acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter worth approximately $75,000. Tempus Wealth Planning LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter worth approximately $76,000. Finally, Whittier Trust Co. acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the 1st quarter worth approximately $122,000.

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.