BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Saba Capital Management, L.P. Acquires 94,406 Shares

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. purchased 94,406 shares of BlackRock Innovation and Growth Term Trust stock in a transaction that occurred on Wednesday, November 13th. The stock was purchased at an average price of $7.82 per share, with a total value of $738,254.92. Following the completion of the purchase, the insider now directly owns 57,617,107 shares in the company, valued at $450,565,776.74. This trade represents a 0.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more 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 Monday, November 11th, Saba Capital Management, L.P. purchased 22,616 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.83 per share, for a total transaction 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 stock was bought 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 bought 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. acquired 61,003 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.66 per share, for a total transaction of $467,282.98.
• On Monday, October 28th, Saba Capital Management, L.P. bought 123,691 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price 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 shares were purchased at an average price of $7.55 per share, for a total transaction of $520,451.70.
• On Wednesday, October 23rd, Saba Capital Management, L.P. acquired 76,043 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.52 per share, with a total value of $571,843.36.
• On Monday, October 21st, Saba Capital Management, L.P. bought 64,641 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.59 per share, for a total transaction of $490,625.19.
• On Friday, October 18th, Saba Capital Management, L.P. purchased 51,163 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.60 per share, with a total value of $388,838.80.
• On Wednesday, October 16th, Saba Capital Management, L.P. acquired 64,275 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.58 per share, for a total transaction of $487,204.50.

BlackRock Innovation and Growth Term Trust Price Performance

Shares of NYSE BIGZ opened at $7.54 on Friday. BlackRock Innovation and Growth Term Trust has a 12 month low of $6.66 and a 12 month high of $8.25. The stock has a 50-day moving average price of $7.57 and a two-hundred day moving average price of $7.40.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.0863 dividend. This represents a $1.04 annualized dividend and a yield of 13.74%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Trading of BlackRock Innovation and Growth Term Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. bought a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at $75,000. Tempus Wealth Planning LLC bought a new position in BlackRock Innovation and Growth Term Trust in the second quarter valued at about $76,000. Dakota Wealth Management boosted its stake in shares of BlackRock Innovation and Growth Term Trust by 9.4% during the second quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock valued at $153,000 after purchasing an additional 1,824 shares in the last quarter. PFG Investments LLC grew 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 last quarter. Finally, Prudent Investors Network Inc. acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the first quarter valued at approximately $174,000.

About BlackRock Innovation and Growth Term Trust

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.