BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Saba Capital Management, L.P. Buys 23,490 Shares of Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. acquired 23,490 shares of BlackRock Innovation and Growth Term Trust stock in a transaction dated Monday, October 7th. The shares were bought at an average price of $7.53 per share, for a total transaction of $176,879.70. Following the transaction, the insider now owns 55,878,798 shares of the company’s stock, valued at approximately $420,767,348.94. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% 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 Thursday, October 3rd, Saba Capital Management, L.P. bought 5,581 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost 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 shares were bought 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. 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, for a total transaction of $177,061.87.
• On Wednesday, September 25th, Saba Capital Management, L.P. purchased 31,988 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.52 per share, with a total value of $240,549.76.
• On Monday, September 23rd, Saba Capital Management, L.P. bought 118,879 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.51 per share, with a total value of $892,781.29.
• On Wednesday, September 18th, Saba Capital Management, L.P. acquired 315,074 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.47 per share, with a total value of $2,353,602.78.
• On Monday, September 16th, Saba Capital Management, L.P. bought 31,631 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.33 per share, for a total transaction of $231,855.23.
• On Friday, August 23rd, Saba Capital Management, L.P. purchased 30,643 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.32 per share, with a total value of $224,306.76.
• On Wednesday, August 21st, Saba Capital Management, L.P. acquired 83,524 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.27 per share, for a total transaction of $607,219.48.
• On Monday, August 19th, Saba Capital Management, L.P. acquired 36,418 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.22 per share, with a total value of $262,937.96.

BlackRock Innovation and Growth Term Trust Stock Performance

NYSE:BIGZ opened at $7.59 on Wednesday. The stock’s fifty day moving average is $7.35 and its 200 day moving average is $7.39. 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 announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $0.0864 dividend. This represents a $1.04 annualized dividend and a dividend yield of 13.67%. The ex-dividend date is Tuesday, October 15th.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

Large investors have recently made changes to their positions in the company. Thompson Investment Management Inc. bought a new stake in BlackRock Innovation and Growth Term Trust in the first quarter worth about $33,000. Register Financial Advisors LLC purchased a new stake in shares of BlackRock Innovation and Growth Term Trust in the first quarter worth approximately $53,000. J.W. Cole Advisors Inc. bought a new stake in shares of BlackRock Innovation and Growth Term Trust during the 2nd quarter worth approximately $75,000. Tempus Wealth Planning LLC purchased a new position in BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at $76,000. Finally, Skyline Advisors Inc. bought a new position in BlackRock Innovation and Growth Term Trust in the 4th quarter valued at $98,000.

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.