BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Purchases $2,353,602.78 in Stock

Posted by Donna Armstrong on Sep 22nd, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 315,074 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average cost of $7.47 per share, for a total transaction of $2,353,602.78. Following the purchase, the insider now directly owns 55,339,170 shares of the company’s stock, valued at $413,383,599.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own 10% or more 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 Monday, September 16th, Saba Capital Management, L.P. bought 31,631 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.33 per share, for a total transaction of $231,855.23.
On Friday, August 23rd, Saba Capital Management, L.P. bought 30,643 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.32 per share, for a total transaction of $224,306.76.
On Wednesday, August 21st, Saba Capital Management, L.P. bought 83,524 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.27 per share, for a total transaction of $607,219.48.
On Monday, August 19th, Saba Capital Management, L.P. bought 36,418 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.22 per share, for a total transaction of $262,937.96.
On Wednesday, August 7th, Saba Capital Management, L.P. bought 83,903 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $6.95 per share, for a total transaction of $583,125.85.
On Monday, August 5th, Saba Capital Management, L.P. bought 13,283 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $6.83 per share, for a total transaction of $90,722.89.
On Thursday, August 1st, Saba Capital Management, L.P. bought 400 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.30 per share, for a total transaction of $2,920.00.
On Monday, July 29th, Saba Capital Management, L.P. purchased 27,528 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.25 per share, with a total value of $199,578.00.
On Friday, July 26th, Saba Capital Management, L.P. purchased 4,902 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.24 per share, with a total value of $35,490.48.
On Wednesday, July 24th, Saba Capital Management, L.P. purchased 116,570 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.30 per share, with a total value of $850,961.00.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of BlackRock Innovation and Growth Term Trust stock opened at $7.49 on Friday. BlackRock Innovation and Growth Term Trust has a 1 year low of $6.21 and a 1 year high of $8.25. The business has a 50-day moving average of $7.29 and a two-hundred day moving average of $7.43.

BlackRock Innovation and Growth Term Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a $0.0864 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.04 annualized dividend and a dividend yield of 13.85%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Register Financial Advisors LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust during the first quarter worth about $53,000. LM Advisors LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust during the fourth quarter worth about $1,133,000. Janney Montgomery Scott LLC grew its holdings 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 buying an additional 6,202 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of BlackRock Innovation and Growth Term Trust by 84.6% during the fourth quarter. Virtu Financial LLC now owns 39,245 shares of the company’s stock worth $288,000 after buying an additional 17,987 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new position in shares of BlackRock Innovation and Growth Term Trust during the fourth quarter worth about $110,000.

About BlackRock Innovation and Growth Term Trust

(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.