Saba Capital Management, L.P. Acquires 200,706 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZGet Free Report) major shareholder Saba Capital Management, L.P. acquired 200,706 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was purchased at an average price of $7.40 per share, with a total value of $1,485,224.40. Following the acquisition, the insider now owns 52,754,228 shares of the company’s stock, valued at $390,381,287.20. The acquisition was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own 10% or more 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, July 5th, Saba Capital Management, L.P. acquired 42,236 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.38 per share, with a total value of $311,701.68.
  • On Monday, July 1st, Saba Capital Management, L.P. acquired 252,855 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.25 per share, with a total value of $1,833,198.75.

BlackRock Innovation and Growth Term Trust Trading Down 0.7 %

Shares of BlackRock Innovation and Growth Term Trust stock traded down $0.05 during trading on Tuesday, hitting $7.36. The stock had a trading volume of 726,707 shares, compared to its average volume of 712,578. The business has a fifty day moving average of $7.35 and a two-hundred day moving average of $7.56. BlackRock Innovation and Growth Term Trust has a fifty-two week low of $6.21 and a fifty-two week high of $8.35.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be issued a dividend of $0.0885 per share. This represents a $1.06 annualized dividend and a dividend yield of 14.42%. The ex-dividend date of this dividend is Monday, July 15th.

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

Several hedge funds have recently modified their holdings of the stock. Chapin Davis Inc. lifted its holdings in shares of BlackRock Innovation and Growth Term Trust by 2.8% during the fourth quarter. Chapin Davis Inc. now owns 85,885 shares of the company’s stock valued at $630,000 after purchasing an additional 2,300 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in BlackRock Innovation and Growth Term Trust by 5.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 65,521 shares of the company’s stock worth $480,000 after acquiring an additional 3,105 shares in the last quarter. Thompson Investment Management Inc. purchased a new stake in BlackRock Innovation and Growth Term Trust in the 1st quarter worth about $33,000. B. Riley Wealth Advisors Inc. lifted its stake in BlackRock Innovation and Growth Term Trust by 14.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 38,560 shares of the company’s stock worth $314,000 after acquiring an additional 4,810 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in BlackRock Innovation and Growth Term Trust by 20.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 29,335 shares of the company’s stock worth $215,000 after acquiring an additional 5,040 shares in the last quarter.

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.

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