Saba Capital Management, L.P. Buys 266,732 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock

Posted by Carolyn Dwyer on Nov 27th, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 266,732 shares of BlackRock Innovation and Growth Term Trust stock in a transaction dated Monday, November 25th. The shares were bought at an average price of $7.96 per share, for a total transaction of $2,123,186.72. Following the transaction, the insider now owns 58,126,891 shares of the company’s stock, valued at approximately $462,690,052.36. The trade was a 0.46 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 Friday, November 22nd, Saba Capital Management, L.P. purchased 68,422 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.86 per share, for a total transaction 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 shares were 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. bought 94,406 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.82 per share, with a total value 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 cost of $7.83 per share, with a total value of $177,083.28.
On Thursday, November 7th, Saba Capital Management, L.P. purchased 40,719 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.71 per share, for a total transaction of $313,943.49.
On Tuesday, November 5th, Saba Capital Management, L.P. bought 16,939 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.47 per share, with a total value 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 purchased 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. bought 123,691 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired 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. acquired 68,934 shares of BlackRock Innovation and Growth Term Trust stock. The stock was 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 bought at an average cost of $7.52 per share, for a total transaction of $571,843.36.

BlackRock Innovation and Growth Term Trust Stock Up 0.4 %

Shares of NYSE BIGZ opened at $8.00 on Wednesday. BlackRock Innovation and Growth Term Trust has a twelve month low of $6.66 and a twelve month high of $8.25. The business has a fifty day simple moving average of $7.62 and a two-hundred day simple moving average of $7.42.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.0863 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.04 annualized dividend and a dividend yield of 12.95%.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

A number of hedge funds and other institutional investors have recently modified their holdings of BIGZ. J.W. Cole Advisors Inc. bought a new position in BlackRock Innovation and Growth Term Trust in the second quarter worth about $75,000. Tempus Wealth Planning LLC acquired a new stake in BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at approximately $76,000. Dakota Wealth Management lifted its stake in shares of BlackRock Innovation and Growth Term Trust by 9.4% in the 2nd quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock valued at $153,000 after purchasing an additional 1,824 shares during the period. International Assets Investment Management LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust during the 3rd quarter worth approximately $1,690,000. Finally, PFG Investments LLC increased its stake in BlackRock Innovation and Growth Term Trust by 75.1% during the 2nd quarter. PFG Investments LLC now owns 23,538 shares of the company’s stock worth $170,000 after buying an additional 10,099 shares in the last quarter.

About BlackRock Innovation and Growth Term Trust

(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.