BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Saba Capital Management, L.P. Buys 106,617 Shares

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. bought 106,617 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were purchased at an average cost of $7.46 per share, with a total value of $795,362.82. Following the purchase, the insider now directly owns 60,262,743 shares of the company’s stock, valued at approximately $449,560,062.78. This represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 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 Monday, December 30th, Saba Capital Management, L.P. purchased 279,479 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.45 per share, with a total value of $2,082,118.55.
• On Thursday, December 26th, Saba Capital Management, L.P. acquired 69,719 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.65 per share, for a total transaction of $533,350.35.
• On Monday, December 16th, Saba Capital Management, L.P. bought 350,000 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.91 per share, with a total value of $2,768,500.00.
• On Thursday, December 12th, Saba Capital Management, L.P. purchased 355,173 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.87 per share, for a total transaction of $2,795,211.51.
• On Wednesday, December 4th, Saba Capital Management, L.P. acquired 185,716 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $8.07 per share, with a total value of $1,498,728.12.
• On Monday, December 2nd, Saba Capital Management, L.P. bought 94,924 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.98 per share, for a total transaction of $757,493.52.
• On Monday, November 25th, Saba Capital Management, L.P. purchased 266,732 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.96 per share, with a total value of $2,123,186.72.
• On Friday, November 22nd, Saba Capital Management, L.P. acquired 68,422 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.86 per share, for a total transaction of $537,796.92.
• On Tuesday, November 19th, Saba Capital Management, L.P. bought 92,376 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.60 per share, with a total value of $702,057.60.
• On Wednesday, November 13th, Saba Capital Management, L.P. purchased 94,406 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.82 per share, for a total transaction of $738,254.92.

BlackRock Innovation and Growth Term Trust Trading Up 1.6 %

NYSE BIGZ opened at $7.75 on Tuesday. The firm’s 50 day moving average price is $7.73 and its two-hundred day moving average price is $7.50. BlackRock Innovation and Growth Term Trust has a twelve month low of $6.66 and a twelve month high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.0868 per share. This represents a $1.04 annualized dividend and a yield of 13.44%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

Hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors increased its holdings in shares of BlackRock Innovation and Growth Term Trust by 4.8% in the 3rd quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock valued at $248,000 after purchasing an additional 1,500 shares during the period. PFG Investments LLC increased its stake in BlackRock Innovation and Growth Term Trust by 75.1% in the 2nd quarter. PFG Investments LLC now owns 23,538 shares of the company’s stock valued at $170,000 after buying an additional 10,099 shares during the period. International Assets Investment Management LLC purchased a new stake in BlackRock Innovation and Growth Term Trust in the 3rd quarter worth approximately $1,690,000. Sanctuary Advisors LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at $1,401,000. Finally, J.W. Cole Advisors Inc. purchased a new position in shares of BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at $75,000.

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.