BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Purchases $607,939.20 in Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. acquired 79,992 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was purchased at an average cost of $7.60 per share, for a total transaction of $607,939.20. Following the completion of the acquisition, the insider now owns 55,988,272 shares in the company, valued at approximately $425,510,867.20. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, October 7th, Saba Capital Management, L.P. bought 23,490 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.53 per share, with a total value of $176,879.70.
• On Thursday, October 3rd, Saba Capital Management, L.P. acquired 5,581 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.53 per share, with a total value of $42,024.93.
• On Monday, September 30th, Saba Capital Management, L.P. bought 19,386 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.57 per share, for a total transaction 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 shares were 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. purchased 31,988 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.52 per share, for a total transaction of $240,549.76.
• On Monday, September 23rd, Saba Capital Management, L.P. acquired 118,879 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought 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. bought 315,074 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.47 per share, for a total transaction of $2,353,602.78.
• On Monday, September 16th, Saba Capital Management, L.P. purchased 31,631 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.33 per share, with a total value of $231,855.23.
• On Friday, August 23rd, Saba Capital Management, L.P. acquired 30,643 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.32 per share, for a total transaction of $224,306.76.
• On Wednesday, August 21st, Saba Capital Management, L.P. bought 83,524 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.27 per share, with a total value of $607,219.48.

BlackRock Innovation and Growth Term Trust Trading Up 0.9 %

NYSE BIGZ opened at $7.70 on Friday. BlackRock Innovation and Growth Term Trust has a 1 year low of $6.21 and a 1 year high of $8.25. The firm’s 50 day simple moving average is $7.37 and its 200 day simple moving average is $7.39.

BlackRock Innovation and Growth Term Trust Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.04 annualized dividend and a dividend yield of 13.47%.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

Institutional investors have recently modified their holdings of the business. Dakota Wealth Management grew its stake in shares of BlackRock Innovation and Growth Term Trust by 9.4% during the second quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock worth $153,000 after buying an additional 1,824 shares during the last quarter. Thompson Investment Management Inc. bought a new stake in BlackRock Innovation and Growth Term Trust during the 1st quarter worth $33,000. B. Riley Wealth Advisors Inc. increased its holdings in BlackRock Innovation and Growth Term Trust by 14.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 38,560 shares of the company’s stock worth $314,000 after purchasing an additional 4,810 shares in the last quarter. PNC Financial Services Group Inc. raised its position in BlackRock Innovation and Growth Term Trust by 20.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 29,335 shares of the company’s stock valued at $215,000 after purchasing an additional 5,040 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of BlackRock Innovation and Growth Term Trust by 9.8% during the first quarter. Janney Montgomery Scott LLC now owns 69,186 shares of the company’s stock valued at $563,000 after purchasing an additional 6,202 shares in the last quarter.

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.