BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Buys $467,282.98 in Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. bought 61,003 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were acquired at an average price of $7.66 per share, with a total value of $467,282.98. Following the completion of the purchase, the insider now directly owns 57,142,055 shares of the company’s stock, valued at approximately $437,708,141.30. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% 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 Monday, October 28th, Saba Capital Management, L.P. bought 123,691 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.62 per share, with a total value of $942,525.42.
• On Friday, October 25th, Saba Capital Management, L.P. purchased 68,934 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.55 per share, with a total value of $520,451.70.
• 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 price of $7.52 per share, with a total value of $571,843.36.
• On Monday, October 21st, Saba Capital Management, L.P. purchased 64,641 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.59 per share, with a total value of $490,625.19.
• On Friday, October 18th, Saba Capital Management, L.P. purchased 51,163 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.60 per share, with a total value of $388,838.80.
• On Wednesday, October 16th, Saba Capital Management, L.P. purchased 64,275 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price 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 stock was purchased at an average price of $7.70 per share, with a total value of $437,768.10.
• On Friday, October 11th, Saba Capital Management, L.P. purchased 45,033 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased 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. acquired 79,992 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.60 per share, with a total value of $607,939.20.
• On Monday, October 7th, Saba Capital Management, L.P. acquired 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.

BlackRock Innovation and Growth Term Trust Stock Performance

NYSE BIGZ opened at $7.51 on Friday. BlackRock Innovation and Growth Term Trust has a twelve month low of $6.47 and a twelve month high of $8.25. The stock has a fifty day simple moving average of $7.50 and a 200 day simple moving average of $7.37.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a $0.0864 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.04 dividend on an annualized basis and a yield of 13.81%.

Institutional Trading of BlackRock Innovation and Growth Term Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC grew its holdings in BlackRock Innovation and Growth Term Trust by 9.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 69,186 shares of the company’s stock worth $563,000 after acquiring an additional 6,202 shares during the period. Tempus Wealth Planning LLC acquired a new stake in BlackRock Innovation and Growth Term Trust during the 2nd quarter worth about $76,000. Blue Bell Private Wealth Management LLC grew its holdings in BlackRock Innovation and Growth Term Trust by 56.9% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 368,889 shares of the company’s stock worth $2,667,000 after acquiring an additional 133,761 shares during the period. PFG Investments LLC grew its holdings in BlackRock Innovation and Growth Term Trust by 75.1% during the 2nd quarter. PFG Investments LLC now owns 23,538 shares of the company’s stock worth $170,000 after acquiring an additional 10,099 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in BlackRock Innovation and Growth Term Trust by 20.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 29,335 shares of the company’s stock worth $215,000 after acquiring an additional 5,040 shares during the period.

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.