Insider Buying: BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Acquires 64,641 Shares of Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. bought 64,641 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were bought at an average cost of $7.59 per share, with a total value of $490,625.19. Following the completion of the purchase, the insider now directly owns 56,514,257 shares in the company, valued at $428,943,210.63. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Friday, October 18th, Saba Capital Management, L.P. acquired 51,163 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.60 per share, for a total transaction of $388,838.80.
• On Wednesday, October 16th, Saba Capital Management, L.P. bought 64,275 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.58 per share, for a total transaction 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. purchased 45,033 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.65 per share, for a total transaction 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 bought at an average cost of $7.60 per share, for a total transaction of $607,939.20.
• On Monday, October 7th, Saba Capital Management, L.P. bought 23,490 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased 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 price 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 stock was bought at an average price of $7.57 per share, for a total transaction 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 purchased 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. bought 31,988 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired 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 0.7 %

Shares of NYSE BIGZ traded up $0.05 on Tuesday, reaching $7.58. 307,470 shares of the company traded hands, compared to its average volume of 705,765. The company 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 fifty-two week low of $6.21 and a fifty-two week high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently disclosed 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 is Tuesday, October 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 13.68%.

Institutional Trading of BlackRock Innovation and Growth Term Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Register Financial Advisors LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust in the first quarter worth $53,000. Janney Montgomery Scott LLC grew its position 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 last quarter. Tempus Wealth Planning LLC acquired a new stake in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at approximately $76,000. Thompson Investment Management Inc. bought a new stake in shares of BlackRock Innovation and Growth Term Trust during the first quarter valued at about $33,000. Finally, Blue Bell Private Wealth Management LLC grew its position in BlackRock Innovation and Growth Term Trust by 56.9% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 368,889 shares of the company’s stock valued at $2,667,000 after buying an additional 133,761 shares in the last quarter.

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.