Saba Capital Management, L.P. Acquires 92,376 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock

Posted by Doug Wharley on Nov 23rd, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 92,376 shares of the stock in a transaction on Tuesday, November 19th. The shares were purchased at an average price of $7.60 per share, with a total value of $702,057.60. Following the acquisition, the insider now owns 57,709,483 shares in the company, valued at approximately $438,592,070.80. The trade was a 0.16 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major 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 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. acquired 22,616 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost 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 acquired 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. purchased 16,939 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 $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 acquired at an average cost of $7.66 per share, with a total value of $467,282.98.
On Monday, October 28th, Saba Capital Management, L.P. purchased 123,691 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.62 per share, with a total value of $942,525.42.
On Friday, October 25th, Saba Capital Management, L.P. purchased 68,934 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.55 per share, with a total value of $520,451.70.
On Wednesday, October 23rd, Saba Capital Management, L.P. purchased 76,043 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.52 per share, with a total value of $571,843.36.
On Monday, October 21st, Saba Capital Management, L.P. acquired 64,641 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.59 per share, for a total transaction of $490,625.19.
On Friday, October 18th, Saba Capital Management, L.P. acquired 51,163 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.60 per share, for a total transaction of $388,838.80.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of NYSE:BIGZ opened at $7.88 on Friday. The stock’s fifty day simple moving average is $7.60 and its two-hundred day simple moving average is $7.42. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.66 and a 1-year high of $8.25.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.0863 per share. This represents a $1.04 annualized dividend and a yield of 13.15%. The ex-dividend date of this dividend is Friday, November 15th.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

Large investors have recently bought and sold shares of the stock. Tempus Wealth Planning LLC bought a new position in BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at $76,000. Blue Bell Private Wealth Management LLC raised its stake in shares of BlackRock Innovation and Growth Term Trust by 56.9% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 368,889 shares of the company’s stock worth $2,667,000 after purchasing an additional 133,761 shares during the period. PFG Investments LLC raised its stake in shares of BlackRock Innovation and Growth Term Trust by 75.1% during the 2nd 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 during the 3rd quarter worth $1,690,000. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of BlackRock Innovation and Growth Term Trust during the 2nd quarter worth $75,000.

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.