Insider Buying: BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Purchases 51,163 Shares of Stock

Posted by Kyle Jackson on Oct 21st, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. bought 51,163 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was purchased at an average price of $7.60 per share, for a total transaction of $388,838.80. Following the purchase, the insider now owns 56,449,616 shares of the company’s stock, valued at approximately $429,017,081.60. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 Wednesday, October 16th, Saba Capital Management, L.P. purchased 64,275 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.58 per share, for a total transaction of $487,204.50.
On Monday, October 14th, Saba Capital Management, L.P. acquired 56,853 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.70 per share, with a total value of $437,768.10.
On Friday, October 11th, Saba Capital Management, L.P. purchased 45,033 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.65 per share, for a total transaction of $344,502.45.
On Wednesday, October 9th, Saba Capital Management, L.P. acquired 79,992 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.60 per share, with a total value of $607,939.20.
On Monday, October 7th, Saba Capital Management, L.P. purchased 23,490 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.53 per share, for a total transaction of $176,879.70.
On Thursday, October 3rd, Saba Capital Management, L.P. acquired 5,581 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.53 per share, with a total value of $42,024.93.
On Monday, September 30th, Saba Capital Management, L.P. bought 19,386 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.57 per share, for a total transaction of $146,752.02.
On Friday, September 27th, Saba Capital Management, L.P. bought 23,267 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.61 per share, with a total value of $177,061.87.
On Wednesday, September 25th, Saba Capital Management, L.P. purchased 31,988 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.52 per share, for a total transaction of $240,549.76.
On Monday, September 23rd, Saba Capital Management, L.P. acquired 118,879 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.51 per share, with a total value of $892,781.29.

BlackRock Innovation and Growth Term Trust Price Performance

NYSE BIGZ traded down $0.06 on Monday, hitting $7.55. 286,431 shares of the company traded hands, compared to its average volume of 707,004. The business’s 50 day moving average price is $7.44 and its 200-day moving average price is $7.37. BlackRock Innovation and Growth Term Trust has a 52-week low of $6.21 and a 52-week high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.0864 per share. This represents a $1.04 dividend on an annualized basis and a yield of 13.74%. The ex-dividend date is Tuesday, October 15th.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

A number of hedge funds have recently modified their holdings of BIGZ. Thompson Investment Management Inc. bought a new stake in shares of BlackRock Innovation and Growth Term Trust during the 1st quarter valued at $33,000. Register Financial Advisors LLC purchased a new stake in BlackRock Innovation and Growth Term Trust in the 1st quarter worth $53,000. J.W. Cole Advisors Inc. bought a new stake in BlackRock Innovation and Growth Term Trust during the second quarter valued at about $75,000. Tempus Wealth Planning LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the second quarter valued at about $76,000. Finally, Whittier Trust Co. bought a new position in shares of BlackRock Innovation and Growth Term Trust in the first quarter worth about $122,000.

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.