BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Saba Capital Management, L.P. Acquires 64,641 Shares

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. bought 64,641 shares of BlackRock Innovation and Growth Term Trust stock in a transaction on Monday, October 21st. The shares were purchased at an average cost of $7.59 per share, with a total value of $490,625.19. Following the acquisition, the insider now directly owns 56,514,257 shares of the company’s stock, valued at approximately $428,943,210.63. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares 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 18th, Saba Capital Management, L.P. bought 51,163 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.60 per share, with a total value of $388,838.80.
• On Wednesday, October 16th, Saba Capital Management, L.P. purchased 64,275 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought 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 shares were 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. acquired 45,033 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased 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 stock was purchased 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 stock was purchased 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. bought 5,581 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought 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. bought 19,386 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought 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. 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 stock was bought 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 %

NYSE:BIGZ opened at $7.59 on Wednesday. The stock has a fifty day moving average price of $7.45 and a 200 day moving average price 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 Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.0864 per share. This represents a $1.04 dividend on an annualized basis and a yield of 13.67%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Trading of BlackRock Innovation and Growth Term Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new position in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at about $4,192,000. Almitas Capital LLC purchased a new stake in shares of BlackRock Innovation and Growth Term Trust during the 2nd quarter worth approximately $3,928,000. Sessa Capital IM L.P. boosted its stake in shares of BlackRock Innovation and Growth Term Trust by 15.0% during the 2nd quarter. Sessa Capital IM L.P. now owns 2,739,993 shares of the company’s stock worth $19,810,000 after acquiring an additional 356,372 shares in the last quarter. Karpus Management Inc. boosted its stake in shares of BlackRock Innovation and Growth Term Trust by 24.2% during the 1st quarter. Karpus Management Inc. now owns 1,495,480 shares of the company’s stock worth $12,173,000 after acquiring an additional 291,622 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of BlackRock Innovation and Growth Term Trust by 251.2% during the 2nd quarter. Quarry LP now owns 397,934 shares of the company’s stock worth $2,877,000 after acquiring an additional 284,634 shares in the last quarter.

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.