Saba Capital Management, L.P. Acquires 68,422 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. purchased 68,422 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were purchased at an average price of $7.86 per share, for a total transaction of $537,796.92. Following the completion of the purchase, the insider now owns 57,860,159 shares of the company’s stock, valued at approximately $454,780,849.74. This trade represents a 0.12 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Monday, November 25th, Saba Capital Management, L.P. acquired 266,732 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.96 per share, for a total transaction of $2,123,186.72.
• On Tuesday, November 19th, Saba Capital Management, L.P. bought 92,376 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 $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 shares were acquired at an average cost of $7.82 per share, for a total transaction of $738,254.92.
• On Monday, November 11th, Saba Capital Management, L.P. bought 22,616 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired 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 shares were bought at an average cost of $7.71 per share, for a total transaction of $313,943.49.
• On Tuesday, November 5th, Saba Capital Management, L.P. acquired 16,939 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought 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. bought 61,003 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought 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 shares were purchased at an average cost 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 stock was purchased 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. bought 76,043 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.52 per share, for a total transaction of $571,843.36.

BlackRock Innovation and Growth Term Trust Stock Up 0.4 %

NYSE:BIGZ opened at $8.00 on Wednesday. BlackRock Innovation and Growth Term Trust has a 52-week low of $6.66 and a 52-week high of $8.25. The stock has a fifty day simple moving average of $7.62 and a 200-day simple moving average of $7.42.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.0863 dividend. This represents a $1.04 annualized dividend and a dividend yield of 12.95%. The ex-dividend date is Friday, November 15th.

Institutional Trading of BlackRock Innovation and Growth Term Trust

Large investors have recently modified their holdings of the business. J.W. Cole Advisors Inc. purchased a new stake in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at approximately $75,000. Tempus Wealth Planning LLC purchased a new stake in shares of BlackRock Innovation and Growth Term Trust in the second quarter valued at $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 acquiring an additional 1,824 shares during the last quarter. PFG Investments LLC increased its position in 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 in the last quarter. Finally, Prudent Investors Network Inc. acquired a new position in BlackRock Innovation and Growth Term Trust in the 1st quarter valued at about $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.