BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Saba Capital Management, L.P. Purchases 350,000 Shares

Posted by Scott Moore on Dec 17th, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. bought 350,000 shares of BlackRock Innovation and Growth Term Trust stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of $7.91 per share, for a total transaction of $2,768,500.00. Following the purchase, the insider now owns 59,546,236 shares of the company’s stock, valued at $471,010,726.76. The trade was a 0.59 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% 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 Thursday, December 12th, Saba Capital Management, L.P. acquired 355,173 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.87 per share, with a total value of $2,795,211.51.
On Wednesday, December 4th, Saba Capital Management, L.P. bought 185,716 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased 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. acquired 94,924 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.98 per share, with a total value of $757,493.52.
On Monday, November 25th, Saba Capital Management, L.P. bought 266,732 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.96 per share, for a total transaction of $2,123,186.72.
On Friday, November 22nd, Saba Capital Management, L.P. bought 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 stock was bought at an average cost of $7.60 per share, for a total transaction of $702,057.60.
On Wednesday, November 13th, Saba Capital Management, L.P. acquired 94,406 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.82 per share, with a total value of $738,254.92.
On Monday, November 11th, Saba Capital Management, L.P. purchased 22,616 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased 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. acquired 40,719 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.71 per share, with a total value of $313,943.49.
On Tuesday, November 5th, Saba Capital Management, L.P. acquired 16,939 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.47 per share, with a total value of $126,534.33.

BlackRock Innovation and Growth Term Trust Trading Down 1.3 %

Shares of NYSE:BIGZ traded down $0.10 on Tuesday, hitting $7.81. The company had a trading volume of 601,780 shares, compared to its average volume of 700,499. BlackRock Innovation and Growth Term Trust has a 1 year low of $6.66 and a 1 year high of $8.25. The firm’s 50-day simple moving average is $7.74 and its two-hundred day simple moving average is $7.48.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be given a dividend of $0.0868 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.04 dividend on an annualized basis and a yield of 13.33%.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

Several large investors have recently made changes to their positions in BIGZ. J.W. Cole Advisors Inc. purchased a new stake in shares of BlackRock Innovation and Growth Term Trust in the second quarter worth $75,000. Tempus Wealth Planning LLC purchased a new position in BlackRock Innovation and Growth Term Trust in the second quarter worth about $76,000. Dakota Wealth Management lifted its stake in shares of BlackRock Innovation and Growth Term Trust by 9.4% in 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 in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of BlackRock Innovation and Growth Term Trust during the third quarter valued at approximately $1,690,000. Finally, PFG Investments LLC increased its position in shares of BlackRock Innovation and Growth Term Trust by 75.1% during the second quarter. PFG Investments LLC now owns 23,538 shares of the company’s stock valued at $170,000 after acquiring an additional 10,099 shares in the last quarter.

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.