Saba Capital Management, L.P. Buys 29,397 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. purchased 29,397 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average cost of $7.70 per share, with a total value of $226,356.90. Following the purchase, the insider now owns 46,856,929 shares in the company, valued at approximately $360,798,353.30. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Friday, February 2nd, Saba Capital Management, L.P. bought 119,244 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.77 per share, with a total value of $926,525.88.
  • On Wednesday, January 31st, Saba Capital Management, L.P. bought 340,328 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought 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. bought 212,619 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought 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. bought 307,937 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.49 per share, with a total value of $2,306,448.13.
  • On Monday, January 22nd, Saba Capital Management, L.P. bought 155,567 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.37 per share, with a total value of $1,146,528.79.
  • On Thursday, January 18th, Saba Capital Management, L.P. acquired 39,441 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.22 per share, with a total value of $284,764.02.
  • On Tuesday, January 16th, Saba Capital Management, L.P. acquired 16,530 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.25 per share, with a total value of $119,842.50.
  • On Thursday, January 11th, Saba Capital Management, L.P. acquired 64,870 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.23 per share, with a total value of $469,010.10.
  • On Wednesday, December 20th, Saba Capital Management, L.P. acquired 303,292 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 $2,320,183.80.

BlackRock Innovation and Growth Term Trust Price Performance

BIGZ opened at $7.79 on Wednesday. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.21 and a 1-year high of $8.35. The business has a 50 day moving average of $7.41 and a 200-day moving average of $7.29.

BlackRock Innovation and Growth Term Trust Announces Dividend

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

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

Several hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC bought a new position in BlackRock Innovation and Growth Term Trust in the third quarter worth $27,000. CWM LLC lifted its position 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 worth $44,000 after purchasing an additional 6,186 shares during the period. PNC Financial Services Group Inc. lifted its position 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 worth $46,000 after purchasing an additional 4,896 shares during the period. Captrust Financial Advisors bought a new position in BlackRock Innovation and Growth Term Trust in the second quarter worth $71,000. Finally, PFG Investments LLC bought a new position in BlackRock Innovation and Growth Term Trust in the second quarter worth $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.

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

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