Saba Capital Management, L.P. Buys 119,244 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 119,244 shares of BlackRock Innovation and Growth Term Trust stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average price of $7.77 per share, with a total value of $926,525.88. Following the completion of the acquisition, the insider now directly owns 46,827,532 shares of the company’s stock, valued at approximately $363,849,923.64. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock 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, February 5th, Saba Capital Management, L.P. bought 29,397 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.70 per share, with a total value of $226,356.90.
  • On Wednesday, January 31st, Saba Capital Management, L.P. purchased 340,328 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.64 per share, with a total value of $2,600,105.92.
  • On Monday, January 29th, Saba Capital Management, L.P. purchased 212,619 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.64 per share, with a total value of $1,624,409.16.
  • On Friday, January 26th, Saba Capital Management, L.P. bought 492,596 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.57 per share, with a total value of $3,728,951.72.
  • On Wednesday, January 24th, Saba Capital Management, L.P. purchased 307,937 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.49 per share, for a total transaction of $2,306,448.13.
  • On Monday, January 22nd, Saba Capital Management, L.P. purchased 155,567 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.37 per share, for a total transaction of $1,146,528.79.
  • On Thursday, January 18th, Saba Capital Management, L.P. bought 39,441 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.22 per share, for a total transaction of $284,764.02.
  • On Tuesday, January 16th, Saba Capital Management, L.P. bought 16,530 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.25 per share, for a total transaction of $119,842.50.
  • On Thursday, January 11th, Saba Capital Management, L.P. bought 64,870 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.23 per share, for a total transaction of $469,010.10.
  • On Wednesday, December 20th, Saba Capital Management, L.P. bought 303,292 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.65 per share, for a total transaction of $2,320,183.80.

BlackRock Innovation and Growth Term Trust Stock Performance

NYSE:BIGZ opened at $7.79 on Wednesday. The firm’s 50-day moving average is $7.41 and its 200-day moving average is $7.29. BlackRock Innovation and Growth Term Trust has a 52-week low of $6.21 and a 52-week high of $8.35.

BlackRock Innovation and Growth Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 29th. Investors of record on Thursday, February 15th will be paid a $0.0447 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.54 dividend on an annualized basis and a yield of 6.88%.

Institutional Trading of BlackRock Innovation and Growth Term Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BIGZ. Wolverine Asset Management LLC bought a new stake in BlackRock Innovation and Growth Term Trust in the third quarter valued at about $27,000. CWM LLC lifted its holdings in BlackRock Innovation and Growth Term Trust by 5,155.0% in the third quarter. CWM LLC now owns 6,306 shares of the company’s stock valued at $44,000 after buying an additional 6,186 shares during the period. PNC Financial Services Group Inc. increased its stake in BlackRock Innovation and Growth Term Trust by 272.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,696 shares of the company’s stock valued at $46,000 after purchasing an additional 4,896 shares in the last quarter. Captrust Financial Advisors bought a new stake in BlackRock Innovation and Growth Term Trust in the second quarter valued at approximately $71,000. Finally, PFG Investments LLC bought a new stake in BlackRock Innovation and Growth Term Trust in the second quarter valued at approximately $79,000.

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.

Featured Stories

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

Receive News & Ratings for BlackRock Innovation and Growth Term Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Innovation and Growth Term Trust and related companies with MarketBeat.com's FREE daily email newsletter.