BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Buys $388,838.80 in Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. bought 51,163 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was acquired at an average cost of $7.60 per share, with a total value of $388,838.80. Following the transaction, the insider now owns 56,449,616 shares in the company, valued at $429,017,081.60. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, October 21st, Saba Capital Management, L.P. bought 64,641 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.59 per share, with a total value of $490,625.19.
• On Wednesday, October 16th, Saba Capital Management, L.P. bought 64,275 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.58 per share, with a total value of $487,204.50.
• On Monday, October 14th, Saba Capital Management, L.P. bought 56,853 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.70 per share, with a total value of $437,768.10.
• On Friday, October 11th, Saba Capital Management, L.P. bought 45,033 shares of BlackRock Innovation and Growth Term Trust stock. The stock was 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. purchased 79,992 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.60 per share, with a total value of $607,939.20.
• On Monday, October 7th, Saba Capital Management, L.P. purchased 23,490 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.53 per share, with a total value of $176,879.70.
• On Thursday, October 3rd, Saba Capital Management, L.P. purchased 5,581 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.53 per share, with a total value of $42,024.93.
• On Monday, September 30th, Saba Capital Management, L.P. purchased 19,386 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.57 per share, with a total value 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 purchased 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. purchased 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.

BlackRock Innovation and Growth Term Trust Trading Up 0.8 %

Shares of NYSE:BIGZ opened at $7.59 on Wednesday. The stock has a 50 day moving average of $7.45 and a 200 day moving average of $7.37. 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 Dividend Announcement

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 dividend of $0.0864 per share. The ex-dividend date is Tuesday, October 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 13.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Dakota Wealth Management grew its stake 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 acquiring an additional 1,824 shares during the period. Thompson Investment Management Inc. bought a new position in BlackRock Innovation and Growth Term Trust in the 1st quarter worth approximately $33,000. B. Riley Wealth Advisors Inc. boosted its stake in BlackRock Innovation and Growth Term Trust by 14.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 38,560 shares of the company’s stock worth $314,000 after purchasing an additional 4,810 shares during the period. PNC Financial Services Group Inc. boosted its stake in BlackRock Innovation and Growth Term Trust by 20.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 29,335 shares of the company’s stock worth $215,000 after purchasing an additional 5,040 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in BlackRock Innovation and Growth Term Trust by 9.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 69,186 shares of the company’s stock worth $563,000 after purchasing an additional 6,202 shares during the period.

About BlackRock Innovation and Growth Term Trust

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.