Saba Capital Management, L.P. Purchases 51,163 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock

Posted by Trevor Kearing on Oct 24th, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 51,163 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was acquired at an average price of $7.60 per share, for a total transaction of $388,838.80. Following the completion of the transaction, the insider now directly owns 56,449,616 shares of the company’s stock, valued at approximately $429,017,081.60. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 Monday, October 21st, Saba Capital Management, L.P. acquired 64,641 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price 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 shares were bought 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. purchased 56,853 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price 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 shares were bought at an average price of $7.65 per share, with a total value of $344,502.45.
On Wednesday, October 9th, Saba Capital Management, L.P. bought 79,992 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.60 per share, for a total transaction 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 stock was 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. acquired 5,581 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 $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 purchased 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. purchased 23,267 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.61 per share, for a total transaction 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 shares were acquired at an average price of $7.52 per share, with a total value of $240,549.76.

BlackRock Innovation and Growth Term Trust Price Performance

NYSE BIGZ opened at $7.47 on Thursday. BlackRock Innovation and Growth Term Trust has a 12 month low of $6.21 and a 12 month high of $8.25. The stock’s 50 day moving average is $7.46 and its 200 day moving average is $7.36.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $0.0864 per share. 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 13.89%.

Institutional Trading of BlackRock Innovation and Growth Term Trust

A number of institutional investors and hedge funds have recently bought and sold shares of BIGZ. PNC Financial Services Group Inc. boosted its holdings in shares of BlackRock Innovation and Growth Term Trust by 20.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 29,335 shares of the company’s stock valued at $215,000 after purchasing an additional 5,040 shares during the last quarter. Thompson Investment Management Inc. bought a new position in BlackRock Innovation and Growth Term Trust during the first quarter valued at approximately $33,000. Register Financial Advisors LLC purchased a new position in BlackRock Innovation and Growth Term Trust during the 1st quarter valued at approximately $53,000. Janney Montgomery Scott LLC increased 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 acquiring an additional 6,202 shares during the last quarter. Finally, Whittier Trust Co. purchased a new stake in shares of BlackRock Innovation and Growth Term Trust during the 1st quarter worth approximately $122,000.

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.