BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Buys $2,177,989.56 in Stock

Posted by Amy Steele on Jan 7th, 2025

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. bought 282,123 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was acquired at an average price of $7.72 per share, for a total transaction of $2,177,989.56. Following the acquisition, the insider now directly owns 60,615,765 shares in the company, valued at $467,953,705.80. The trade was a 0.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 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, January 2nd, Saba Capital Management, L.P. acquired 106,617 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.46 per share, with a total value of $795,362.82.
On Monday, December 30th, Saba Capital Management, L.P. purchased 279,479 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price 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 shares were bought at an average price 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 stock was purchased at an average price 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 shares were purchased 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. bought 185,716 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $8.07 per share, for a total transaction of $1,498,728.12.
On Monday, December 2nd, Saba Capital Management, L.P. purchased 94,924 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.98 per share, with a total value of $757,493.52.
On Monday, November 25th, Saba Capital Management, L.P. acquired 266,732 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.96 per share, for a total transaction 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 stock was bought at an average cost 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, for a total transaction of $702,057.60.

BlackRock Innovation and Growth Term Trust Trading Down 0.8 %

BIGZ traded down $0.06 during trading hours on Tuesday, hitting $7.68. The stock had a trading volume of 157,652 shares, compared to its average volume of 560,955. BlackRock Innovation and Growth Term Trust has a 1 year low of $6.66 and a 1 year high of $8.25. The company’s fifty day simple moving average is $7.73 and its 200 day simple moving average is $7.50.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.0868 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.04 dividend on an annualized basis and a yield of 13.56%.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

Large investors have recently made changes to their positions in the stock. 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 worth $248,000 after buying an additional 1,500 shares during the last quarter. PFG Investments LLC boosted its holdings 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 worth $170,000 after purchasing an additional 10,099 shares during the period. International Assets Investment Management LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust in the 3rd quarter worth approximately $1,690,000. Sanctuary Advisors LLC bought a new position in BlackRock Innovation and Growth Term Trust in the 2nd quarter worth $1,401,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in BlackRock Innovation and Growth Term Trust in the second quarter worth about $75,000.

BlackRock Innovation and Growth Term Trust Company Profile

(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.