Saba Capital Management, L.P. Acquires 94,406 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 94,406 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was purchased at an average price of $7.82 per share, for a total transaction of $738,254.92. Following the purchase, the insider now directly owns 57,617,107 shares in the company, valued at approximately $450,565,776.74. This represents a 0.16 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more 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 Monday, November 11th, Saba Capital Management, L.P. acquired 22,616 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.83 per share, for a total transaction 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 acquired at an average cost of $7.71 per share, with a total value 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 acquired at an average cost of $7.47 per share, for a total transaction of $126,534.33.
• On Wednesday, October 30th, Saba Capital Management, L.P. acquired 61,003 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price 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 shares were 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 stock was 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. acquired 76,043 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.52 per share, for a total transaction of $571,843.36.
• On Monday, October 21st, Saba Capital Management, L.P. bought 64,641 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.59 per share, with a total value of $490,625.19.
• On Friday, October 18th, Saba Capital Management, L.P. purchased 51,163 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.60 per share, for a total transaction of $388,838.80.
• On Wednesday, October 16th, Saba Capital Management, L.P. acquired 64,275 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.58 per share, with a total value of $487,204.50.

BlackRock Innovation and Growth Term Trust Stock Down 2.6 %

Shares of BIGZ stock opened at $7.54 on Friday. BlackRock Innovation and Growth Term Trust has a 52-week low of $6.66 and a 52-week high of $8.25. The firm’s 50-day moving average is $7.57 and its 200-day moving average is $7.40.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.0863 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.04 annualized dividend and a yield of 13.74%.

Institutional Trading of BlackRock Innovation and Growth Term Trust

A number of hedge funds have recently made changes to their positions in BIGZ. Jane Street Group LLC raised its stake in BlackRock Innovation and Growth Term Trust by 421.8% in the 3rd quarter. Jane Street Group LLC now owns 61,072 shares of the company’s stock valued at $461,000 after acquiring an additional 49,367 shares during the period. Rivernorth Capital Management LLC increased its holdings in shares of BlackRock Innovation and Growth Term Trust by 101.6% in the third quarter. Rivernorth Capital Management LLC now owns 1,104,819 shares of the company’s stock valued at $8,341,000 after purchasing an additional 556,835 shares during the last quarter. Garden State Investment Advisory Services LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust in the third quarter valued at about $245,000. Captrust Financial Advisors lifted its stake in shares of BlackRock Innovation and Growth Term Trust by 4.8% during the 3rd quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock worth $248,000 after buying an additional 1,500 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust during the 3rd quarter worth about $1,818,000.

About BlackRock Innovation and Growth Term Trust

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.