Insider Buying: BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Acquires $313,943.49 in Stock

Posted by Cynthia Vaughn on Nov 15th, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 40,719 shares of the stock in a transaction dated Thursday, November 7th. The stock was purchased at an average cost of $7.71 per share, with a total value of $313,943.49. Following the purchase, the insider now directly owns 57,316,027 shares of the company’s stock, valued at $441,906,568.17. This trade represents a 0.07 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Wednesday, November 13th, Saba Capital Management, L.P. bought 94,406 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired 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. purchased 22,616 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.83 per share, with a total value of $177,083.28.
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 price 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. 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, with a total value of $942,525.42.
On Friday, October 25th, Saba Capital Management, L.P. acquired 68,934 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought 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 stock was 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. purchased 64,641 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.59 per share, for a total transaction 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 shares were purchased 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 stock was purchased at an average price of $7.58 per share, for a total transaction of $487,204.50.

BlackRock Innovation and Growth Term Trust Trading Up 0.6 %

Shares of BlackRock Innovation and Growth Term Trust stock opened at $7.84 on Friday. The business has a 50-day moving average price of $7.56 and a two-hundred day moving average price of $7.40. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.66 and a 1-year high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors 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 annualized dividend and a yield of 13.22%.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

Institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors grew its holdings in 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 worth $248,000 after purchasing an additional 1,500 shares during the period. Capstone Investment Advisors LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust during the 3rd quarter worth about $1,818,000. Penserra Capital Management LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust during the 3rd quarter worth about $15,076,000. International Assets Investment Management LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the 3rd quarter valued at about $1,690,000. Finally, Sanctuary Advisors LLC bought a new stake in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at about $1,401,000.

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.