Saba Capital Management, L.P. Purchases 20,254 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. bought 20,254 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was bought at an average price of $7.35 per share, with a total value of $148,866.90. Following the acquisition, the insider now owns 53,806,745 shares in the company, valued at approximately $395,479,575.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Wednesday, July 24th, Saba Capital Management, L.P. acquired 116,570 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.30 per share, with a total value of $850,961.00.
• On Friday, July 19th, Saba Capital Management, L.P. acquired 33,447 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.26 per share, with a total value of $242,825.22.
• On Wednesday, July 17th, Saba Capital Management, L.P. acquired 34,572 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.38 per share, with a total value of $255,141.36.
• On Monday, July 15th, Saba Capital Management, L.P. acquired 382,948 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.49 per share, with a total value of $2,868,280.52.
• On Friday, July 12th, Saba Capital Management, L.P. bought 113,116 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.45 per share, with a total value of $842,714.20.
• On Wednesday, July 10th, Saba Capital Management, L.P. bought 49,417 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.33 per share, with a total value of $362,226.61.
• On Monday, July 8th, Saba Capital Management, L.P. bought 200,706 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.40 per share, with a total value of $1,485,224.40.
• On Friday, July 5th, Saba Capital Management, L.P. bought 42,236 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.38 per share, with a total value of $311,701.68.
• On Monday, July 1st, Saba Capital Management, L.P. bought 252,855 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.25 per share, with a total value of $1,833,198.75.

BlackRock Innovation and Growth Term Trust Trading Down 0.2 %

Shares of BIGZ stock opened at $7.23 on Friday. BlackRock Innovation and Growth Term Trust has a twelve month low of $6.21 and a twelve month high of $8.35. The stock has a fifty day simple moving average of $7.36 and a two-hundred day simple moving average of $7.56.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be given a $0.0885 dividend. This represents a $1.06 annualized dividend and a dividend yield of 14.69%. The ex-dividend date is Monday, July 15th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Thompson Investment Management Inc. bought a new position in shares of BlackRock Innovation and Growth Term Trust in the 1st quarter worth $33,000. Register Financial Advisors LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust in the 1st quarter worth $53,000. Tempus Wealth Planning LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter worth $76,000. Skyline Advisors Inc. bought a new position in shares of BlackRock Innovation and Growth Term Trust in the 4th quarter worth $98,000. Finally, PFG Investments LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust in the 1st quarter worth $109,000.

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.