Saba Capital Management, L.P. Acquires 22,616 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 22,616 shares of the company’s stock in a transaction on Monday, November 11th. The shares were bought at an average price of $7.83 per share, for a total transaction of $177,083.28. Following the completion of the transaction, the insider now directly owns 57,417,734 shares in the company, valued at $449,580,857.22. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, November 7th, Saba Capital Management, L.P. purchased 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. acquired 16,939 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased 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. purchased 61,003 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.66 per share, with a total value 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 acquired 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 stock was acquired 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 shares were acquired 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. bought 51,163 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.60 per share, for a total transaction 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 price of $7.58 per share, with a total value of $487,204.50.
• On Monday, October 14th, Saba Capital Management, L.P. bought 56,853 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.70 per share, for a total transaction of $437,768.10.

BlackRock Innovation and Growth Term Trust Trading Up 0.7 %

Shares of NYSE BIGZ opened at $7.81 on Thursday. BlackRock Innovation and Growth Term Trust has a 12-month low of $6.66 and a 12-month high of $8.25. The firm’s 50-day simple moving average is $7.55 and its 200 day simple moving average is $7.40.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.0863 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.04 annualized dividend and a yield of 13.27%.

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

A number of institutional investors have recently made changes to their positions in BIGZ. Dakota Wealth Management raised its position in shares of BlackRock Innovation and Growth Term Trust by 9.4% in the 2nd 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 period. B. Riley Wealth Advisors Inc. grew its stake in BlackRock Innovation and Growth Term Trust by 14.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 38,560 shares of the company’s stock valued at $314,000 after acquiring an additional 4,810 shares during the period. Janney Montgomery Scott LLC raised its position in shares of BlackRock Innovation and Growth Term Trust by 9.8% during the first quarter. Janney Montgomery Scott LLC now owns 69,186 shares of the company’s stock worth $563,000 after purchasing an additional 6,202 shares during the period. PFG Investments LLC lifted its holdings 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 valued at $170,000 after purchasing an additional 10,099 shares in the last quarter. Finally, J.W. Cole Advisors Inc. bought a new stake in BlackRock Innovation and Growth Term Trust during the 2nd quarter worth approximately $75,000.

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.