BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Saba Capital Management, L.P. Purchases 69,719 Shares

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. acquired 69,719 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average price of $7.65 per share, with a total value of $533,350.35. Following the completion of the transaction, the insider now owns 59,615,955 shares of the company’s stock, valued at $456,062,055.75. The trade was a 0.12 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares 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, December 16th, Saba Capital Management, L.P. acquired 350,000 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.91 per share, with a total value of $2,768,500.00.
• On Thursday, December 12th, Saba Capital Management, L.P. acquired 355,173 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.87 per share, with a total value of $2,795,211.51.
• On Wednesday, December 4th, Saba Capital Management, L.P. acquired 185,716 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $8.07 per share, with a total value of $1,498,728.12.
• On Monday, December 2nd, Saba Capital Management, L.P. acquired 94,924 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.98 per share, with a total value of $757,493.52.
• On Monday, November 25th, Saba Capital Management, L.P. acquired 266,732 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.96 per share, with a total value of $2,123,186.72.
• On Friday, November 22nd, Saba Capital Management, L.P. purchased 68,422 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.86 per share, with a total value of $537,796.92.
• On Tuesday, November 19th, Saba Capital Management, L.P. purchased 92,376 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price 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 shares were bought at an average price of $7.82 per share, with a total value of $738,254.92.
• On Monday, November 11th, Saba Capital Management, L.P. purchased 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. purchased 40,719 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.71 per share, with a total value of $313,943.49.

BlackRock Innovation and Growth Term Trust Trading Down 1.3 %

Shares of BIGZ opened at $7.50 on Friday. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.66 and a 1-year high of $8.25. The firm has a 50-day simple moving average of $7.73 and a two-hundred day simple moving average of $7.49.

BlackRock Innovation and Growth Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 16th were issued a $0.0868 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 13.88%. The ex-dividend date of this dividend was Monday, December 16th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors grew its holdings in shares of BlackRock Innovation and Growth Term Trust by 4.8% in the third quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock valued at $248,000 after purchasing an additional 1,500 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the third quarter valued at approximately $1,690,000. Blue Bell Private Wealth Management LLC grew its holdings in shares of BlackRock Innovation and Growth Term Trust by 56.9% in the second quarter. Blue Bell Private Wealth Management LLC now owns 368,889 shares of the company’s stock valued at $2,667,000 after purchasing an additional 133,761 shares in the last quarter. PFG Investments LLC grew its holdings in shares of BlackRock Innovation and Growth Term Trust by 75.1% in the second 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. acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the second quarter valued at approximately $75,000.

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.