BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Purchases $126,534.33 in Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. bought 16,939 shares of BlackRock Innovation and Growth Term Trust stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of $7.47 per share, with a total value of $126,534.33. Following the completion of the acquisition, the insider now directly owns 57,170,615 shares of the company’s stock, valued at approximately $427,064,494.05. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 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 cost 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 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. purchased 68,934 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price 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 price of $7.52 per share, with a total value of $571,843.36.
• On Monday, October 21st, Saba Capital Management, L.P. purchased 64,641 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased 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. acquired 51,163 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 $388,838.80.
• On Wednesday, October 16th, Saba Capital Management, L.P. bought 64,275 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.58 per share, for a total transaction of $487,204.50.
• On Monday, October 14th, Saba Capital Management, L.P. purchased 56,853 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.70 per share, with a total value of $437,768.10.
• On Friday, October 11th, Saba Capital Management, L.P. purchased 45,033 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.65 per share, for a total transaction of $344,502.45.
• On Wednesday, October 9th, Saba Capital Management, L.P. acquired 79,992 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.60 per share, with a total value of $607,939.20.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of NYSE BIGZ opened at $7.75 on Friday. BlackRock Innovation and Growth Term Trust has a one year low of $6.66 and a one year high of $8.25. The company’s fifty day moving average is $7.52 and its two-hundred day moving average is $7.38.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business 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 dividend of $0.0863 per share. This represents a $1.04 dividend on an annualized basis and a yield of 13.37%. The ex-dividend date is Friday, November 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. acquired a new stake in shares of BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at approximately $75,000. Tempus Wealth Planning LLC purchased a new position in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at approximately $76,000. Whittier Trust Co. acquired a new position in BlackRock Innovation and Growth Term Trust during the first quarter worth $122,000. Dakota Wealth Management boosted its position in 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 worth $153,000 after purchasing an additional 1,824 shares in the last quarter. Finally, PFG Investments LLC boosted its position in BlackRock Innovation and Growth Term Trust by 75.1% during the second 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.

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.