Saba Capital Management, L.P. Acquires 266,732 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. acquired 266,732 shares of BlackRock Innovation and Growth Term Trust stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average price of $7.96 per share, with a total value of $2,123,186.72. Following the purchase, the insider now owns 58,126,891 shares in the company, valued at $462,690,052.36. This represents a 0.46 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Friday, November 22nd, Saba Capital Management, L.P. purchased 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. acquired 92,376 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired 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. bought 94,406 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired 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. purchased 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.
• On Thursday, November 7th, Saba Capital Management, L.P. acquired 40,719 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.71 per share, for a total transaction of $313,943.49.
• On Tuesday, November 5th, Saba Capital Management, L.P. bought 16,939 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.47 per share, with a total value of $126,534.33.
• On Wednesday, October 30th, Saba Capital Management, L.P. purchased 61,003 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.66 per share, for a total transaction of $467,282.98.
• On Monday, October 28th, Saba Capital Management, L.P. acquired 123,691 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought 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. bought 68,934 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.55 per share, for a total transaction 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 shares were purchased at an average price of $7.52 per share, for a total transaction of $571,843.36.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of NYSE:BIGZ opened at $7.92 on Thursday. The business has a 50-day moving average price of $7.63 and a 200-day moving average price of $7.43. BlackRock Innovation and Growth Term Trust has a 52-week low of $6.66 and a 52-week high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.0863 per share. This represents a $1.04 annualized dividend and a yield of 13.08%. The ex-dividend date is Friday, November 15th.

Institutional Trading of BlackRock Innovation and Growth Term Trust

Large investors have recently made changes to their positions in the business. Penserra Capital Management LLC purchased a new stake in BlackRock Innovation and Growth Term Trust in the third quarter valued at $15,076,000. Wolverine Asset Management LLC acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at about $4,192,000. Rivernorth Capital Management LLC boosted its stake in shares of BlackRock Innovation and Growth Term Trust by 101.6% in the third quarter. Rivernorth Capital Management LLC now owns 1,104,819 shares of the company’s stock worth $8,341,000 after buying an additional 556,835 shares during the last quarter. Almitas Capital LLC acquired a new stake in BlackRock Innovation and Growth Term Trust during the second quarter worth about $3,928,000. Finally, Sessa Capital IM L.P. raised its position in BlackRock Innovation and Growth Term Trust by 15.0% during the second quarter. Sessa Capital IM L.P. now owns 2,739,993 shares of the company’s stock valued at $19,810,000 after acquiring an additional 356,372 shares in the last quarter.

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.