BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Acquires $146,752.02 in Stock

Posted by Scott Moore on Oct 3rd, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 19,386 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was purchased at an average price of $7.57 per share, with a total value of $146,752.02. Following the completion of the purchase, the insider now directly owns 55,794,604 shares of the company’s stock, valued at approximately $422,365,152.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large 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 Friday, September 27th, Saba Capital Management, L.P. bought 23,267 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased 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. bought 31,988 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.52 per share, with a total value of $240,549.76.
On Monday, September 23rd, Saba Capital Management, L.P. purchased 118,879 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.51 per share, for a total transaction of $892,781.29.
On Wednesday, September 18th, Saba Capital Management, L.P. acquired 315,074 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.47 per share, with a total value of $2,353,602.78.
On Monday, September 16th, Saba Capital Management, L.P. bought 31,631 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.33 per share, for a total transaction of $231,855.23.
On Friday, August 23rd, Saba Capital Management, L.P. purchased 30,643 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.32 per share, with a total value of $224,306.76.
On Wednesday, August 21st, Saba Capital Management, L.P. acquired 83,524 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.27 per share, with a total value of $607,219.48.
On Monday, August 19th, Saba Capital Management, L.P. bought 36,418 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.22 per share, for a total transaction of $262,937.96.
On Wednesday, August 7th, Saba Capital Management, L.P. bought 83,903 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $6.95 per share, with a total value of $583,125.85.
On Monday, August 5th, Saba Capital Management, L.P. purchased 13,283 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $6.83 per share, for a total transaction of $90,722.89.

BlackRock Innovation and Growth Term Trust Stock Up 0.2 %

Shares of NYSE BIGZ opened at $7.61 on Thursday. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.21 and a 1-year high of $8.25. The business’s fifty day moving average price is $7.32 and its two-hundred day moving average price is $7.40.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a $0.0864 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.04 annualized dividend and a yield of 13.64%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Thompson Investment Management Inc. acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the first quarter valued at approximately $33,000. Register Financial Advisors LLC acquired a new stake in BlackRock Innovation and Growth Term Trust in the 1st quarter valued at approximately $53,000. J.W. Cole Advisors Inc. acquired a new stake in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at approximately $75,000. Tempus Wealth Planning LLC bought a new stake in BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at $76,000. Finally, Skyline Advisors Inc. acquired a new position in BlackRock Innovation and Growth Term Trust during the 4th quarter worth $98,000.

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.