Saba Capital Management, L.P. Buys 279,479 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. bought 279,479 shares of BlackRock Innovation and Growth Term Trust stock in a transaction on Monday, December 30th. The shares were purchased at an average cost of $7.45 per share, with a total value of $2,082,118.55. Following the acquisition, the insider now directly owns 60,047,827 shares of the company’s stock, valued at approximately $447,356,311.15. The trade was a 0.47 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major 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 Thursday, December 26th, Saba Capital Management, L.P. purchased 69,719 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.65 per share, for a total transaction of $533,350.35.
• On Monday, December 16th, Saba Capital Management, L.P. acquired 350,000 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired 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. bought 355,173 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.87 per share, for a total transaction of $2,795,211.51.
• On Wednesday, December 4th, Saba Capital Management, L.P. purchased 185,716 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought 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. acquired 94,924 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought 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 shares were bought at an average price of $7.96 per share, for a total transaction 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 purchased 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 stock was purchased 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 shares were purchased 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. bought 22,616 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.83 per share, with a total value of $177,083.28.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of NYSE BIGZ traded up $0.05 during mid-day trading on Tuesday, reaching $7.50. 706,498 shares of the company’s stock were exchanged, compared to its average volume of 711,488. BlackRock Innovation and Growth Term Trust has a 52-week low of $6.66 and a 52-week high of $8.25. The company’s 50-day moving average is $7.73 and its 200-day moving average is $7.49.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 16th were paid 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.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

Hedge funds have recently made changes to their positions in the stock. J.W. Cole Advisors Inc. purchased a new position in BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at about $75,000. 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. 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. Virtu Financial LLC acquired a new stake in BlackRock Innovation and Growth Term Trust during the 3rd quarter worth approximately $191,000. Finally, Garden State Investment Advisory Services LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the third quarter valued at $245,000.

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.