BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Purchases $892,781.29 in Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. bought 118,879 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were bought at an average price of $7.51 per share, with a total value of $892,781.29. Following the purchase, the insider now owns 55,686,304 shares in the company, valued at approximately $418,204,143.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more 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 Wednesday, September 18th, Saba Capital Management, L.P. bought 315,074 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.47 per share, for a total transaction of $2,353,602.78.
• On Monday, September 16th, Saba Capital Management, L.P. acquired 31,631 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.33 per share, with a total value of $231,855.23.
• On Friday, August 23rd, Saba Capital Management, L.P. bought 30,643 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.32 per share, for a total transaction of $224,306.76.
• On Wednesday, August 21st, Saba Capital Management, L.P. bought 83,524 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.27 per share, with a total value of $607,219.48.
• On Monday, August 19th, Saba Capital Management, L.P. acquired 36,418 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.22 per share, with a total value of $262,937.96.
• On Wednesday, August 7th, Saba Capital Management, L.P. bought 83,903 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $6.95 per share, for a total transaction of $583,125.85.
• On Monday, August 5th, Saba Capital Management, L.P. purchased 13,283 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $6.83 per share, with a total value of $90,722.89.
• On Thursday, August 1st, Saba Capital Management, L.P. purchased 400 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.30 per share, for a total transaction of $2,920.00.
• On Monday, July 29th, Saba Capital Management, L.P. purchased 27,528 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.25 per share, for a total transaction of $199,578.00.
• On Friday, July 26th, Saba Capital Management, L.P. acquired 4,902 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.24 per share, with a total value of $35,490.48.

BlackRock Innovation and Growth Term Trust Trading Up 0.4 %

Shares of NYSE BIGZ traded up $0.03 during trading on Tuesday, reaching $7.57. The company had a trading volume of 509,612 shares, compared to its average volume of 729,919. The company’s fifty day moving average price is $7.29 and its 200-day moving average price is $7.42. BlackRock Innovation and Growth Term Trust has a 12 month low of $6.21 and a 12 month high of $8.25.

BlackRock Innovation and Growth Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.0864 per share. The ex-dividend date is Tuesday, October 15th. This represents a $1.04 annualized dividend and a dividend yield of 13.70%.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Thompson Investment Management Inc. purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the 1st quarter worth approximately $33,000. Register Financial Advisors LLC bought a new stake in BlackRock Innovation and Growth Term Trust in the 1st quarter valued at about $53,000. J.W. Cole Advisors Inc. bought a new stake in shares of BlackRock Innovation and Growth Term Trust in the second quarter valued at approximately $75,000. Tempus Wealth Planning LLC purchased a new stake in shares of BlackRock Innovation and Growth Term Trust during the second quarter worth $76,000. Finally, Skyline Advisors Inc. purchased a new stake in BlackRock Innovation and Growth Term Trust during the 4th quarter worth about $98,000.

About BlackRock Innovation and Growth Term Trust

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.