BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Buys $146,752.02 in Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. acquired 19,386 shares of BlackRock Innovation and Growth Term Trust stock in a transaction that occurred on Monday, September 30th. The shares were purchased at an average price of $7.57 per share, for a total transaction of $146,752.02. Following the completion of the purchase, the insider now directly owns 55,794,604 shares of the company’s stock, valued at $422,365,152.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large 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 Friday, September 27th, Saba Capital Management, L.P. purchased 23,267 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.61 per share, for a total transaction of $177,061.87.
• On Wednesday, September 25th, Saba Capital Management, L.P. purchased 31,988 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.52 per share, with a total value of $240,549.76.
• On Monday, September 23rd, Saba Capital Management, L.P. acquired 118,879 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.51 per share, for a total transaction of $892,781.29.
• On Wednesday, September 18th, Saba Capital Management, L.P. acquired 315,074 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 $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 cost of $7.33 per share, with a total value of $231,855.23.
• On Friday, August 23rd, Saba Capital Management, L.P. purchased 30,643 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.32 per share, with a total value of $224,306.76.
• On Wednesday, August 21st, Saba Capital Management, L.P. acquired 83,524 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired 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, for a total transaction of $262,937.96.
• On Wednesday, August 7th, Saba Capital Management, L.P. purchased 83,903 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $6.95 per share, for a total transaction of $583,125.85.
• On Monday, August 5th, Saba Capital Management, L.P. bought 13,283 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $6.83 per share, for a total transaction of $90,722.89.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of BIGZ stock traded up $0.01 during trading on Tuesday, hitting $7.56. The company’s stock had a trading volume of 242,920 shares, compared to its average volume of 722,823. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.21 and a 52 week high of $8.25. The business has a fifty day moving average of $7.31 and a 200-day moving average of $7.40.

BlackRock Innovation and Growth Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.0864 per share. The ex-dividend date is Tuesday, October 15th. This represents a $1.04 annualized dividend and a yield of 13.72%.

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

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