Insider Buying: BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Acquires 266,732 Shares of Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. purchased 266,732 shares of BlackRock Innovation and Growth Term Trust stock in a transaction on Monday, November 25th. The shares were acquired at an average cost of $7.96 per share, for a total transaction of $2,123,186.72. Following the completion of the transaction, the insider now owns 58,126,891 shares of the company’s stock, valued at $462,690,052.36. This represents a 0.46 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% 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 Friday, November 22nd, Saba Capital Management, L.P. purchased 68,422 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.86 per share, with a total value 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, with a total value of $702,057.60.
• On Wednesday, November 13th, Saba Capital Management, L.P. acquired 94,406 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased 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. 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 shares were acquired at an average price of $7.71 per share, for a total transaction of $313,943.49.
• On Tuesday, November 5th, Saba Capital Management, L.P. bought 16,939 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price 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 bought 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. acquired 123,691 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.62 per share, for a total transaction of $942,525.42.
• On Friday, October 25th, Saba Capital Management, L.P. acquired 68,934 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought 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 bought at an average price of $7.52 per share, for a total transaction of $571,843.36.

BlackRock Innovation and Growth Term Trust Trading Up 0.5 %

Shares of BlackRock Innovation and Growth Term Trust stock traded up $0.04 during trading hours on Tuesday, reaching $8.01. The company’s stock had a trading volume of 232,299 shares, compared to its average volume of 693,982. The company’s 50 day simple moving average is $7.62 and its 200 day simple moving average is $7.42. BlackRock Innovation and Growth Term Trust has a one year low of $6.66 and a one year high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, November 15th. This represents a $1.04 annualized dividend and a yield of 12.93%.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

Several large investors have recently bought and sold shares of the stock. J.W. Cole Advisors Inc. acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter worth approximately $75,000. Tempus Wealth Planning LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the second quarter worth approximately $76,000. Dakota Wealth Management increased its position in shares of BlackRock Innovation and Growth Term Trust by 9.4% in the second quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock worth $153,000 after acquiring an additional 1,824 shares in the last quarter. PFG Investments LLC increased its position in shares of BlackRock Innovation and Growth Term Trust by 75.1% in the second quarter. PFG Investments LLC now owns 23,538 shares of the company’s stock worth $170,000 after acquiring an additional 10,099 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the third quarter worth approximately $191,000.

BlackRock Innovation and Growth Term Trust Company Profile

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.