Insider Buying: BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Purchases 100,000 Shares of Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZGet Free Report) major shareholder Saba Capital Management, L.P. purchased 100,000 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was bought at an average price of $7.97 per share, with a total value of $797,000.00. Following the acquisition, the insider now directly owns 51,418,942 shares in the company, valued at $409,808,967.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% 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 Wednesday, March 20th, Saba Capital Management, L.P. bought 241,858 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.84 per share, with a total value of $1,896,166.72.
  • On Thursday, March 7th, Saba Capital Management, L.P. bought 17,047 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $8.04 per share, with a total value of $137,057.88.
  • On Thursday, February 29th, Saba Capital Management, L.P. bought 60,078 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $8.01 per share, with a total value of $481,224.78.
  • On Monday, February 26th, Saba Capital Management, L.P. bought 273,686 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $8.11 per share, with a total value of $2,219,593.46.
  • On Thursday, February 22nd, Saba Capital Management, L.P. bought 178,566 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $8.03 per share, with a total value of $1,433,884.98.
  • On Tuesday, February 20th, Saba Capital Management, L.P. purchased 56,252 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.91 per share, for a total transaction of $444,953.32.
  • On Thursday, February 15th, Saba Capital Management, L.P. purchased 486,478 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $8.07 per share, for a total transaction of $3,925,877.46.
  • On Monday, February 12th, Saba Capital Management, L.P. purchased 432,560 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $8.23 per share, for a total transaction of $3,559,968.80.
  • On Friday, February 9th, Saba Capital Management, L.P. purchased 222,038 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $8.13 per share, for a total transaction of $1,805,168.94.
  • On Wednesday, February 7th, Saba Capital Management, L.P. purchased 401,620 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.86 per share, for a total transaction of $3,156,733.20.

BlackRock Innovation and Growth Term Trust Price Performance

BlackRock Innovation and Growth Term Trust stock opened at $7.99 on Wednesday. BlackRock Innovation and Growth Term Trust has a 12-month low of $6.21 and a 12-month high of $8.35. The firm’s 50-day moving average is $7.86 and its two-hundred day moving average is $7.34.

BlackRock Innovation and Growth Term Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be given a $0.0445 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.53 annualized dividend and a dividend yield of 6.68%.

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

Several hedge funds have recently modified their holdings of the stock. Saba Capital Management L.P. boosted its position in shares of BlackRock Innovation and Growth Term Trust by 32.0% in the third quarter. Saba Capital Management L.P. now owns 23,233,954 shares of the company’s stock worth $161,708,000 after acquiring an additional 5,626,581 shares during the last quarter. UBS Group AG lifted its position in BlackRock Innovation and Growth Term Trust by 75.6% during the first quarter. UBS Group AG now owns 3,898,263 shares of the company’s stock valued at $44,401,000 after buying an additional 1,677,919 shares in the last quarter. Bank of America Corp DE lifted its position in BlackRock Innovation and Growth Term Trust by 5.6% during the first quarter. Bank of America Corp DE now owns 2,696,212 shares of the company’s stock valued at $21,651,000 after buying an additional 142,582 shares in the last quarter. Lazard Asset Management LLC lifted its position in BlackRock Innovation and Growth Term Trust by 21.8% during the third quarter. Lazard Asset Management LLC now owns 2,581,925 shares of the company’s stock valued at $17,970,000 after buying an additional 462,842 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in BlackRock Innovation and Growth Term Trust by 19.1% during the fourth quarter. Royal Bank of Canada now owns 1,755,284 shares of the company’s stock valued at $12,866,000 after buying an additional 281,469 shares in the last quarter.

BlackRock Innovation and Growth Term Trust Company Profile

(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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