BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Saba Capital Management, L.P. Purchases 315,074 Shares

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. acquired 315,074 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average price of $7.47 per share, with a total value of $2,353,602.78. Following the completion of the transaction, the insider now directly owns 55,339,170 shares in the company, valued at $413,383,599.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% 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 Monday, September 16th, Saba Capital Management, L.P. acquired 31,631 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought 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. acquired 30,643 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.32 per share, with a total value 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 purchased 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. bought 36,418 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost 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 stock was purchased at an average cost of $6.95 per share, with a total value 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 stock was purchased at an average cost of $6.83 per share, with a total value of $90,722.89.
• On Thursday, August 1st, Saba Capital Management, L.P. bought 400 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.30 per share, with a total value of $2,920.00.
• On Monday, July 29th, Saba Capital Management, L.P. bought 27,528 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.25 per share, with a total value of $199,578.00.
• On Friday, July 26th, Saba Capital Management, L.P. bought 4,902 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.24 per share, with a total value of $35,490.48.
• On Wednesday, July 24th, Saba Capital Management, L.P. acquired 116,570 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.30 per share, with a total value of $850,961.00.

BlackRock Innovation and Growth Term Trust Price Performance

Shares of NYSE BIGZ opened at $7.60 on Friday. BlackRock Innovation and Growth Term Trust has a 52-week low of $6.21 and a 52-week high of $8.25. The firm has a fifty day moving average of $7.28 and a 200-day moving average of $7.43.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.0864 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.04 annualized dividend and a dividend yield of 13.65%.

Institutional Trading of BlackRock Innovation and Growth Term Trust

Several institutional investors have recently made changes to their positions in the stock. Sessa Capital IM L.P. boosted its position in BlackRock Innovation and Growth Term Trust by 15.0% during the 2nd quarter. Sessa Capital IM L.P. now owns 2,739,993 shares of the company’s stock worth $19,810,000 after purchasing an additional 356,372 shares during the period. Karpus Management Inc. boosted its position in BlackRock Innovation and Growth Term Trust by 24.2% during the 1st quarter. Karpus Management Inc. now owns 1,495,480 shares of the company’s stock worth $12,173,000 after purchasing an additional 291,622 shares during the period. Wolverine Asset Management LLC purchased a new stake in BlackRock Innovation and Growth Term Trust during the 2nd quarter worth $4,192,000. Almitas Capital LLC purchased a new stake in BlackRock Innovation and Growth Term Trust during the 2nd quarter worth $3,928,000. Finally, Quarry LP boosted its position in BlackRock Innovation and Growth Term Trust by 251.2% during the 2nd quarter. Quarry LP now owns 397,934 shares of the company’s stock worth $2,877,000 after purchasing an additional 284,634 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.