BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Saba Capital Management, L.P. Purchases 100,000 Shares

Posted by matt on Mar 28th, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 100,000 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was acquired at an average price of $7.97 per share, with a total value of $797,000.00. Following the purchase, the insider now directly owns 51,418,942 shares in the company, valued at $409,808,967.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 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, March 25th, Saba Capital Management, L.P. acquired 152,676 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.98 per share, with a total value of $1,218,354.48.
On Wednesday, March 20th, Saba Capital Management, L.P. acquired 241,858 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.84 per share, with a total value of $1,896,166.72.
On Thursday, March 7th, Saba Capital Management, L.P. acquired 17,047 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $8.04 per share, with a total value of $137,057.88.
On Thursday, February 29th, Saba Capital Management, L.P. acquired 60,078 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $8.01 per share, with a total value of $481,224.78.
On Monday, February 26th, Saba Capital Management, L.P. acquired 273,686 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $8.11 per share, with a total value of $2,219,593.46.
On Thursday, February 22nd, Saba Capital Management, L.P. bought 178,566 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $8.03 per share, with a total value of $1,433,884.98.
On Tuesday, February 20th, Saba Capital Management, L.P. bought 56,252 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.91 per share, with a total value of $444,953.32.
On Thursday, February 15th, Saba Capital Management, L.P. bought 486,478 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $8.07 per share, with a total value of $3,925,877.46.
On Monday, February 12th, Saba Capital Management, L.P. purchased 432,560 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $8.23 per share, for a total transaction of $3,559,968.80.
On Friday, February 9th, Saba Capital Management, L.P. purchased 222,038 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $8.13 per share, for a total transaction of $1,805,168.94.

BlackRock Innovation and Growth Term Trust Stock Up 1.2 %

Shares of BlackRock Innovation and Growth Term Trust stock opened at $8.09 on Thursday. The firm’s 50 day moving average is $7.88 and its 200 day moving average is $7.34. BlackRock Innovation and Growth Term Trust has a 1 year low of $6.21 and a 1 year high of $8.35.

BlackRock Innovation and Growth Term Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be issued a dividend of $0.0445 per share. This represents a $0.53 annualized dividend and a dividend yield of 6.60%. The ex-dividend date of this dividend is Thursday, March 14th.

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

Institutional investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC bought a new stake in BlackRock Innovation and Growth Term Trust during the 3rd quarter worth approximately $27,000. CWM LLC grew its holdings in BlackRock Innovation and Growth Term Trust by 5,155.0% during the 3rd quarter. CWM LLC now owns 6,306 shares of the company’s stock worth $44,000 after acquiring an additional 6,186 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in BlackRock Innovation and Growth Term Trust by 272.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,696 shares of the company’s stock worth $46,000 after acquiring an additional 4,896 shares during the last quarter. Captrust Financial Advisors bought a new stake in BlackRock Innovation and Growth Term Trust during the 2nd quarter worth approximately $71,000. Finally, Nomura Holdings Inc. acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter worth approximately $81,000.

BlackRock Innovation and Growth Term Trust Company Profile

(Get Free Report)

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.