BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Saba Capital Management, L.P. Buys 16,939 Shares

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. bought 16,939 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was bought at an average cost of $7.47 per share, with a total value of $126,534.33. Following the transaction, the insider now directly owns 57,170,615 shares of the company’s stock, valued at approximately $427,064,494.05. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, October 30th, Saba Capital Management, L.P. acquired 61,003 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.66 per share, for a total transaction of $467,282.98.
• On Monday, October 28th, Saba Capital Management, L.P. bought 123,691 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.62 per share, with a total value of $942,525.42.
• On Friday, October 25th, Saba Capital Management, L.P. purchased 68,934 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.55 per share, for a total transaction of $520,451.70.
• On Wednesday, October 23rd, Saba Capital Management, L.P. acquired 76,043 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.52 per share, with a total value of $571,843.36.
• On Monday, October 21st, Saba Capital Management, L.P. bought 64,641 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.59 per share, for a total transaction of $490,625.19.
• On Friday, October 18th, Saba Capital Management, L.P. purchased 51,163 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired 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. 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, 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 shares were bought 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 shares were bought 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. bought 79,992 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.60 per share, with a total value of $607,939.20.

BlackRock Innovation and Growth Term Trust Stock Up 0.8 %

Shares of BIGZ stock opened at $7.74 on Friday. BlackRock Innovation and Growth Term Trust has a one year low of $6.66 and a one year high of $8.25. The company’s 50-day simple moving average is $7.52 and its 200-day simple moving average is $7.38.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.0863 per share. This represents a $1.04 dividend on an annualized basis and a yield of 13.39%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

A number of institutional investors have recently made changes to their positions in the company. J.W. Cole Advisors Inc. acquired a new position in BlackRock Innovation and Growth Term Trust in the second quarter worth $75,000. Tempus Wealth Planning LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at about $76,000. Whittier Trust Co. acquired a new stake in BlackRock Innovation and Growth Term Trust during the first quarter worth about $122,000. Dakota Wealth Management raised its stake in BlackRock Innovation and Growth Term Trust by 9.4% during the second quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock worth $153,000 after acquiring an additional 1,824 shares during the period. Finally, PFG Investments LLC lifted its holdings in BlackRock Innovation and Growth Term Trust by 75.1% in the second quarter. PFG Investments LLC now owns 23,538 shares of the company’s stock worth $170,000 after acquiring an additional 10,099 shares during 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.