BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Buys $467,282.98 in Stock

Posted by Faye Duncan on Oct 31st, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 61,003 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average price of $7.66 per share, for a total transaction of $467,282.98. Following the completion of the acquisition, the insider now directly owns 57,142,055 shares of the company’s stock, valued at $437,708,141.30. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 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, October 28th, Saba Capital Management, L.P. bought 123,691 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.62 per share, with a total value of $942,525.42.
On Friday, October 25th, Saba Capital Management, L.P. bought 68,934 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased 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. acquired 76,043 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought 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. acquired 64,641 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.59 per share, with a total value 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 bought 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, with a total value of $487,204.50.
On Monday, October 14th, Saba Capital Management, L.P. bought 56,853 shares of BlackRock Innovation and Growth Term Trust stock. The shares were 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. bought 45,033 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.65 per share, with a total value 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 cost of $7.60 per share, for a total transaction of $607,939.20.
On Monday, October 7th, Saba Capital Management, L.P. bought 23,490 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.53 per share, with a total value of $176,879.70.

BlackRock Innovation and Growth Term Trust Stock Down 1.6 %

BIGZ stock traded down $0.12 during trading on Thursday, reaching $7.53. 723,529 shares of the company were exchanged, compared to its average volume of 701,165. The stock’s 50 day moving average price is $7.50 and its 200 day moving average price is $7.36. BlackRock Innovation and Growth Term Trust has a 52-week low of $6.24 and a 52-week high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $0.0864 dividend. This represents a $1.04 annualized dividend and a dividend yield of 13.78%. The ex-dividend date of this dividend is Tuesday, October 15th.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

Several hedge funds and other institutional investors have recently made changes to their positions in BIGZ. Wolverine Asset Management LLC purchased a new stake in BlackRock Innovation and Growth Term Trust during the 2nd quarter worth $4,192,000. Almitas Capital LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter worth about $3,928,000. Sessa Capital IM L.P. increased its position in shares of BlackRock Innovation and Growth Term Trust by 15.0% in the 2nd quarter. Sessa Capital IM L.P. now owns 2,739,993 shares of the company’s stock worth $19,810,000 after purchasing an additional 356,372 shares during the last quarter. Karpus Management Inc. increased its position in shares of BlackRock Innovation and Growth Term Trust by 24.2% in the 1st quarter. Karpus Management Inc. now owns 1,495,480 shares of the company’s stock worth $12,173,000 after purchasing an additional 291,622 shares during the last quarter. Finally, Quarry LP grew its position in shares of BlackRock Innovation and Growth Term Trust by 251.2% during the 2nd quarter. Quarry LP now owns 397,934 shares of the company’s stock valued at $2,877,000 after buying an additional 284,634 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.