BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Acquires $2,123,186.72 in Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. purchased 266,732 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average price of $7.96 per share, with a total value of $2,123,186.72. Following the completion of the acquisition, the insider now owns 58,126,891 shares of the company’s stock, valued at $462,690,052.36. This trade represents a 0.46 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 Friday, November 22nd, Saba Capital Management, L.P. purchased 68,422 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.86 per share, with a total value of $537,796.92.
• On Tuesday, November 19th, Saba Capital Management, L.P. purchased 92,376 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought 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. bought 94,406 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.82 per share, with a total value of $738,254.92.
• On Monday, November 11th, Saba Capital Management, L.P. bought 22,616 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.83 per share, with a total value of $177,083.28.
• On Thursday, November 7th, Saba Capital Management, L.P. purchased 40,719 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.71 per share, for a total transaction of $313,943.49.
• On Tuesday, November 5th, Saba Capital Management, L.P. purchased 16,939 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.47 per share, for a total transaction of $126,534.33.
• On Wednesday, October 30th, Saba Capital Management, L.P. purchased 61,003 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.66 per share, for a total transaction of $467,282.98.
• On Monday, October 28th, Saba Capital Management, L.P. bought 123,691 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.62 per share, for a total transaction of $942,525.42.
• On Friday, October 25th, Saba Capital Management, L.P. bought 68,934 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.55 per share, for a total transaction of $520,451.70.
• On Wednesday, October 23rd, Saba Capital Management, L.P. bought 76,043 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 $571,843.36.

BlackRock Innovation and Growth Term Trust Trading Up 0.5 %

BIGZ stock traded up $0.04 on Tuesday, reaching $8.01. 232,299 shares of the company were exchanged, compared to its average volume of 693,982. BlackRock Innovation and Growth Term Trust has a 12 month low of $6.66 and a 12 month high of $8.25. The stock’s fifty day moving average price is $7.62 and its 200 day moving average price is $7.42.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.0863 dividend. This represents a $1.04 annualized dividend and a yield of 12.93%. The ex-dividend date is Friday, November 15th.

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Tempus Wealth Planning LLC bought a new stake in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at $76,000. Blue Bell Private Wealth Management LLC boosted its stake in shares of BlackRock Innovation and Growth Term Trust by 56.9% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 368,889 shares of the company’s stock valued at $2,667,000 after purchasing an additional 133,761 shares in the last quarter. PFG Investments LLC boosted its stake in shares of 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 purchasing an additional 10,099 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the 3rd quarter valued at $1,690,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at $75,000.

BlackRock Innovation and Growth Term Trust Company Profile

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.