BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Saba Capital Management, L.P. Purchases 68,422 Shares

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. purchased 68,422 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of $7.86 per share, with a total value of $537,796.92. Following the acquisition, the insider now directly owns 57,860,159 shares of the company’s stock, valued at $454,780,849.74. This trade represents a 0.12 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 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 Tuesday, November 19th, Saba Capital Management, L.P. acquired 92,376 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 $702,057.60.
• On Wednesday, November 13th, Saba Capital Management, L.P. bought 94,406 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.82 per share, with a total value of $738,254.92.
• On Monday, November 11th, Saba Capital Management, L.P. purchased 22,616 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.83 per share, with a total value of $177,083.28.
• On Thursday, November 7th, Saba Capital Management, L.P. acquired 40,719 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.71 per share, for a total transaction of $313,943.49.
• On Tuesday, November 5th, Saba Capital Management, L.P. bought 16,939 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.47 per share, with a total value of $126,534.33.
• On Wednesday, October 30th, Saba Capital Management, L.P. purchased 61,003 shares of BlackRock Innovation and Growth Term Trust stock. The shares were 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. acquired 123,691 shares of BlackRock Innovation and Growth Term Trust stock. The stock was 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. bought 68,934 shares of BlackRock Innovation and Growth Term Trust stock. The shares were 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. purchased 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. acquired 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.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of NYSE:BIGZ opened at $7.97 on Tuesday. The firm has a fifty day moving average price of $7.62 and a 200 day moving average price of $7.42. BlackRock Innovation and Growth Term Trust has a fifty-two week low of $6.66 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 Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.0863 per share. The ex-dividend date is Friday, November 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 13.00%.

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

Several large investors have recently made changes to their positions in the company. J.W. Cole Advisors Inc. purchased a new position in BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at approximately $75,000. Tempus Wealth Planning LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at approximately $76,000. Dakota Wealth Management grew its holdings in shares of BlackRock Innovation and Growth Term Trust by 9.4% in the second quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock valued at $153,000 after purchasing an additional 1,824 shares in the last quarter. Prudent Investors Network Inc. bought a new stake in BlackRock Innovation and Growth Term Trust in the first quarter worth $174,000. Finally, International Assets Investment Management LLC purchased a new stake in BlackRock Innovation and Growth Term Trust during the third quarter valued at $1,690,000.

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.