BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Saba Capital Management, L.P. Buys 40,719 Shares

Posted by Stacy Sanders on Nov 12th, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. bought 40,719 shares of BlackRock Innovation and Growth Term Trust stock in a transaction dated Thursday, November 7th. The stock was purchased at an average price of $7.71 per share, for a total transaction of $313,943.49. Following the purchase, the insider now directly owns 57,316,027 shares in the company, valued at $441,906,568.17. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 Monday, November 11th, Saba Capital Management, L.P. purchased 22,616 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.83 per share, with a total value of $177,083.28.
On Tuesday, November 5th, Saba Capital Management, L.P. acquired 16,939 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.47 per share, for a total transaction of $126,534.33.
On Wednesday, October 30th, Saba Capital Management, L.P. bought 61,003 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.66 per share, for a total transaction of $467,282.98.
On Monday, October 28th, Saba Capital Management, L.P. purchased 123,691 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.62 per share, with a total value of $942,525.42.
On Friday, October 25th, Saba Capital Management, L.P. acquired 68,934 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired 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. bought 76,043 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 $571,843.36.
On Monday, October 21st, Saba Capital Management, L.P. purchased 64,641 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.59 per share, for a total transaction of $490,625.19.
On Friday, October 18th, Saba Capital Management, L.P. bought 51,163 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 $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 shares were bought 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. acquired 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.

BlackRock Innovation and Growth Term Trust Stock Down 1.8 %

BIGZ traded down $0.14 during mid-day trading on Tuesday, reaching $7.70. The stock had a trading volume of 415,735 shares, compared to its average volume of 697,685. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.66 and a 52 week high of $8.25. The firm’s fifty day simple moving average is $7.53 and its two-hundred day simple moving average is $7.39.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.0863 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.04 annualized dividend and a dividend yield of 13.45%.

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 stock. Wolverine Asset Management LLC bought a new position in BlackRock Innovation and Growth Term Trust during the second quarter worth about $4,192,000. Almitas Capital LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at approximately $3,928,000. Sessa Capital IM L.P. boosted its stake in 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 during the last quarter. Karpus Management Inc. grew its holdings in BlackRock Innovation and Growth Term Trust by 24.2% during the first quarter. Karpus Management Inc. now owns 1,495,480 shares of the company’s stock valued at $12,173,000 after purchasing an additional 291,622 shares during the period. Finally, Quarry LP grew its holdings in BlackRock Innovation and Growth Term Trust by 251.2% during the second quarter. Quarry LP now owns 397,934 shares of the company’s stock valued at $2,877,000 after purchasing an additional 284,634 shares during the period.

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.