Insider Buying: BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Buys 64,275 Shares of Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. acquired 64,275 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were purchased at an average price of $7.58 per share, with a total value of $487,204.50. Following the completion of the transaction, the insider now owns 56,318,475 shares of the company’s stock, valued at $426,894,040.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more 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 Monday, October 14th, Saba Capital Management, L.P. bought 56,853 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.70 per share, with a total value of $437,768.10.
• On Friday, October 11th, Saba Capital Management, L.P. acquired 45,033 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.65 per share, with a total value of $344,502.45.
• On Wednesday, October 9th, Saba Capital Management, L.P. bought 79,992 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.60 per share, for a total transaction of $607,939.20.
• On Monday, October 7th, Saba Capital Management, L.P. purchased 23,490 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.53 per share, with a total value of $176,879.70.
• On Thursday, October 3rd, Saba Capital Management, L.P. acquired 5,581 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.53 per share, for a total transaction of $42,024.93.
• On Monday, September 30th, Saba Capital Management, L.P. bought 19,386 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.57 per share, with a total value of $146,752.02.
• On Friday, September 27th, Saba Capital Management, L.P. purchased 23,267 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.61 per share, for a total transaction of $177,061.87.
• On Wednesday, September 25th, Saba Capital Management, L.P. purchased 31,988 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.52 per share, with a total value of $240,549.76.
• On Monday, September 23rd, Saba Capital Management, L.P. purchased 118,879 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.51 per share, with a total value of $892,781.29.
• On Wednesday, September 18th, Saba Capital Management, L.P. acquired 315,074 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.47 per share, for a total transaction of $2,353,602.78.

BlackRock Innovation and Growth Term Trust Stock Down 0.3 %

BlackRock Innovation and Growth Term Trust stock traded down $0.02 during midday trading on Thursday, hitting $7.57. 112,197 shares of the stock were exchanged, compared to its average volume of 708,693. BlackRock Innovation and Growth Term Trust has a 52-week low of $6.21 and a 52-week high of $8.25. The business’s 50-day moving average price is $7.42 and its 200-day moving average price is $7.38.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $0.0864 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 13.70%. The ex-dividend date is Tuesday, October 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Thompson Investment Management Inc. purchased a new stake in BlackRock Innovation and Growth Term Trust in the first quarter worth $33,000. Register Financial Advisors LLC bought a new position in BlackRock Innovation and Growth Term Trust in the 1st quarter worth approximately $53,000. J.W. Cole Advisors Inc. purchased a new position in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at approximately $75,000. Tempus Wealth Planning LLC bought a new stake in BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at $76,000. Finally, Whittier Trust Co. bought a new position in shares of BlackRock Innovation and Growth Term Trust in the first quarter worth $122,000.

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.