Insider Buying: BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Purchases $490,625.19 in Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. bought 64,641 shares of the stock in a transaction on Monday, October 21st. The stock was purchased at an average cost of $7.59 per share, with a total value of $490,625.19. Following the purchase, the insider now directly owns 56,514,257 shares of the company’s stock, valued at approximately $428,943,210.63. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own at least 10% 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 Wednesday, October 23rd, Saba Capital Management, L.P. purchased 76,043 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.52 per share, with a total value of $571,843.36.
• On Friday, October 18th, Saba Capital Management, L.P. acquired 51,163 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired 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. bought 64,275 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.58 per share, with a total value of $487,204.50.
• On Monday, October 14th, Saba Capital Management, L.P. purchased 56,853 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.70 per share, for a total transaction of $437,768.10.
• On Friday, October 11th, Saba Capital Management, L.P. acquired 45,033 shares of BlackRock Innovation and Growth Term Trust stock. The stock was 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. bought 79,992 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 $607,939.20.
• On Monday, October 7th, Saba Capital Management, L.P. purchased 23,490 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.53 per share, with a total value of $176,879.70.
• On Thursday, October 3rd, Saba Capital Management, L.P. acquired 5,581 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.53 per share, for a total transaction of $42,024.93.
• On Monday, September 30th, Saba Capital Management, L.P. bought 19,386 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.57 per share, with a total value of $146,752.02.
• On Friday, September 27th, Saba Capital Management, L.P. purchased 23,267 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.61 per share, for a total transaction of $177,061.87.

BlackRock Innovation and Growth Term Trust Trading Up 1.3 %

NYSE:BIGZ opened at $7.57 on Friday. The stock has a 50-day simple moving average of $7.47 and a 200 day simple moving average of $7.37. BlackRock Innovation and Growth Term Trust has a 52-week low of $6.21 and a 52-week high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.0864 per share. The ex-dividend date is Tuesday, October 15th. This represents a $1.04 annualized dividend and a dividend yield of 13.71%.

Institutional Trading of BlackRock Innovation and Growth Term Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Thompson Investment Management Inc. acquired a new position in BlackRock Innovation and Growth Term Trust during the first quarter worth $33,000. Register Financial Advisors LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust during the 1st quarter worth about $53,000. J.W. Cole Advisors Inc. bought a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at about $75,000. Tempus Wealth Planning LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the second quarter valued at about $76,000. Finally, Whittier Trust Co. bought a new stake in BlackRock Innovation and Growth Term Trust during the first quarter worth about $122,000.

BlackRock Innovation and Growth Term Trust Company Profile

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.