Saba Capital Management, L.P. Acquires 279,479 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZGet Free Report) major shareholder Saba Capital Management, L.P. bought 279,479 shares of the company’s stock in a transaction on Monday, December 30th. The shares were acquired at an average price of $7.45 per share, for a total transaction of $2,082,118.55. Following the completion of the acquisition, the insider now owns 60,047,827 shares in the company, valued at $447,356,311.15. This represents a 0.47 % increase in their ownership of the stock. The transaction was disclosed in a document filed 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 transactions with the SEC.

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

  • On Thursday, December 26th, Saba Capital Management, L.P. purchased 69,719 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.65 per share, with a total value of $533,350.35.
  • On Monday, December 16th, Saba Capital Management, L.P. acquired 350,000 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.91 per share, with a total value of $2,768,500.00.
  • On Thursday, December 12th, Saba Capital Management, L.P. bought 355,173 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.87 per share, for a total transaction of $2,795,211.51.
  • On Wednesday, December 4th, Saba Capital Management, L.P. purchased 185,716 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $8.07 per share, with a total value of $1,498,728.12.
  • On Monday, December 2nd, Saba Capital Management, L.P. acquired 94,924 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.98 per share, for a total transaction of $757,493.52.
  • On Monday, November 25th, Saba Capital Management, L.P. bought 266,732 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.96 per share, with a total value of $2,123,186.72.
  • On Friday, November 22nd, Saba Capital Management, L.P. acquired 68,422 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.86 per share, for a total transaction of $537,796.92.
  • On Tuesday, November 19th, Saba Capital Management, L.P. bought 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. purchased 94,406 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased 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. 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, with a total value of $177,083.28.

BlackRock Innovation and Growth Term Trust Stock Up 0.3 %

Shares of NYSE:BIGZ opened at $7.46 on Friday. The business’s 50-day moving average is $7.73 and its 200 day moving average is $7.49. 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 Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 16th were issued a dividend of $0.0868 per share. The ex-dividend date was Monday, December 16th. This represents a $1.04 annualized dividend and a dividend yield of 13.96%.

Institutional Trading of BlackRock Innovation and Growth Term Trust

A number of institutional investors have recently bought and sold shares of the stock. Sessa Capital IM L.P. raised its holdings in shares of BlackRock Innovation and Growth Term Trust by 15.0% in the second quarter. Sessa Capital IM L.P. now owns 2,739,993 shares of the company’s stock worth $19,810,000 after buying an additional 356,372 shares during the last quarter. Penserra Capital Management LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the 3rd quarter valued at $15,076,000. Rivernorth Capital Management LLC lifted its position in BlackRock Innovation and Growth Term Trust by 108.5% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,142,760 shares of the company’s stock worth $8,628,000 after acquiring an additional 594,776 shares during the period. Wolverine Asset Management LLC purchased a new stake in BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at about $4,192,000. Finally, Almitas Capital LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the second quarter valued at about $3,928,000.

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.

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Insider Buying and Selling by Quarter for BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

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