Saba Capital Management, L.P. Acquires 355,173 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock

Posted by Doug Madison on Dec 18th, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. bought 355,173 shares of BlackRock Innovation and Growth Term Trust stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of $7.87 per share, with a total value of $2,795,211.51. Following the purchase, the insider now owns 58,963,110 shares of the company’s stock, valued at $464,039,675.70. This trade represents a 0.61 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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, December 16th, Saba Capital Management, L.P. purchased 350,000 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.91 per share, for a total transaction of $2,768,500.00.
On Wednesday, December 4th, Saba Capital Management, L.P. acquired 185,716 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $8.07 per share, with a total value of $1,498,728.12.
On Monday, December 2nd, Saba Capital Management, L.P. bought 94,924 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.98 per share, for a total transaction of $757,493.52.
On Monday, November 25th, Saba Capital Management, L.P. purchased 266,732 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.96 per share, with a total value of $2,123,186.72.
On Friday, November 22nd, Saba Capital Management, L.P. acquired 68,422 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.86 per share, for a total transaction of $537,796.92.
On Tuesday, November 19th, Saba Capital Management, L.P. bought 92,376 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought 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. purchased 94,406 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought 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. acquired 22,616 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.83 per share, with a total value of $177,083.28.
On Thursday, November 7th, Saba Capital Management, L.P. bought 40,719 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.71 per share, for a total transaction of $313,943.49.
On Tuesday, November 5th, Saba Capital Management, L.P. purchased 16,939 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.47 per share, with a total value of $126,534.33.

BlackRock Innovation and Growth Term Trust Stock Down 1.5 %

Shares of BlackRock Innovation and Growth Term Trust stock opened at $7.79 on Wednesday. The firm’s 50-day moving average price is $7.74 and its two-hundred day moving average price is $7.48. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.66 and a 1-year high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be given a dividend of $0.0868 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.04 dividend on an annualized basis and a yield of 13.36%.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

Several institutional investors have recently bought and sold shares of the business. Dakota Wealth Management grew its holdings in BlackRock Innovation and Growth Term Trust by 9.4% during the 2nd quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock worth $153,000 after acquiring an additional 1,824 shares during the last quarter. Tempus Wealth Planning LLC acquired a new position in BlackRock Innovation and Growth Term Trust during the 2nd quarter worth $76,000. Allspring Global Investments Holdings LLC bought a new position in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at $912,000. Wolverine Asset Management LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at $4,192,000. Finally, Shaker Financial Services LLC raised its position in shares of BlackRock Innovation and Growth Term Trust by 136.1% during the second quarter. Shaker Financial Services LLC now owns 92,062 shares of the company’s stock worth $666,000 after acquiring an additional 53,062 shares during the last quarter.

BlackRock Innovation and Growth Term Trust Company Profile

(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.