Saba Capital Management, L.P. Acquires 64,641 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock

Posted by Max Byerly on Oct 24th, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 64,641 shares of BlackRock Innovation and Growth Term Trust stock in a transaction on Monday, October 21st. The shares were bought at an average price of $7.59 per share, with a total value of $490,625.19. Following the purchase, the insider now directly owns 56,514,257 shares in the company, valued at approximately $428,943,210.63. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at 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 Friday, October 18th, Saba Capital Management, L.P. bought 51,163 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 $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 stock was bought at an average cost of $7.58 per share, with a total value 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 shares were purchased at an average cost of $7.70 per share, for a total transaction of $437,768.10.
On Friday, October 11th, Saba Capital Management, L.P. bought 45,033 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased 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. purchased 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. acquired 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. bought 5,581 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired 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. purchased 19,386 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired 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. acquired 23,267 shares of BlackRock Innovation and Growth Term Trust stock. The stock was 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 cost of $7.52 per share, with a total value of $240,549.76.

BlackRock Innovation and Growth Term Trust Price Performance

BlackRock Innovation and Growth Term Trust stock opened at $7.47 on Thursday. The company’s fifty day moving average price is $7.46 and its 200 day moving average price is $7.36. BlackRock Innovation and Growth Term Trust has a 1 year low of $6.21 and a 1 year high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a $0.0864 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.04 annualized dividend and a dividend yield of 13.89%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Thompson Investment Management Inc. purchased a new stake in BlackRock Innovation and Growth Term Trust during the 1st quarter worth approximately $33,000. Register Financial Advisors LLC purchased a new stake in shares of BlackRock Innovation and Growth Term Trust during the first quarter worth approximately $53,000. J.W. Cole Advisors Inc. acquired a new position in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at $75,000. Tempus Wealth Planning LLC purchased a new position in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at $76,000. Finally, Whittier Trust Co. purchased a new position in BlackRock Innovation and Growth Term Trust in the 1st quarter valued at $122,000.

About BlackRock Innovation and Growth Term Trust

(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.