BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Saba Capital Management, L.P. Acquires 94,406 Shares

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 dated Wednesday, November 13th. The shares were purchased at an average cost of $7.82 per share, with a total value of $738,254.92. Following the completion of the acquisition, the insider now owns 57,617,107 shares in the company, valued at approximately $450,565,776.74. This represents a 0.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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, November 11th, Saba Capital Management, L.P. bought 22,616 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost 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 shares were purchased 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 stock was bought 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. purchased 61,003 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.66 per share, for a total transaction of $467,282.98.
• On Monday, October 28th, Saba Capital Management, L.P. purchased 123,691 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.62 per share, for a total transaction 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 acquired at an average cost of $7.55 per share, for a total transaction of $520,451.70.
• On Wednesday, October 23rd, Saba Capital Management, L.P. bought 76,043 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost 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 shares were acquired at an average cost of $7.59 per share, for a total transaction 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 bought at an average price of $7.60 per share, for a total transaction of $388,838.80.
• On Wednesday, October 16th, Saba Capital Management, L.P. purchased 64,275 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.58 per share, for a total transaction of $487,204.50.

BlackRock Innovation and Growth Term Trust Stock Down 2.6 %

Shares of NYSE BIGZ traded down $0.20 during trading on Friday, hitting $7.63. 60,143 shares of the company were exchanged, compared to its average volume of 695,556. BlackRock Innovation and Growth Term Trust has a 12-month low of $6.66 and a 12-month high of $8.25. The company has a fifty day moving average price of $7.56 and a 200-day moving average price of $7.40.

BlackRock Innovation and Growth Term Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.0863 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.04 dividend on an annualized basis and a yield of 13.58%.

Institutional Trading of BlackRock Innovation and Growth Term Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. J.W. Cole Advisors Inc. purchased a new stake in BlackRock Innovation and Growth Term Trust during the second quarter worth about $75,000. Tempus Wealth Planning LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust during the second quarter worth about $76,000. Dakota Wealth Management grew its position in shares of BlackRock Innovation and Growth Term Trust by 9.4% during the second quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock worth $153,000 after buying an additional 1,824 shares in the last quarter. Prudent Investors Network Inc. acquired a new position in shares of BlackRock Innovation and Growth Term Trust during the first quarter worth about $174,000. Finally, International Assets Investment Management LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust during the third quarter worth about $1,690,000.

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.