BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Purchases $537,796.92 in Stock

Posted by Liza Goodheart on Nov 28th, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 68,422 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average cost of $7.86 per share, with a total value of $537,796.92. Following the transaction, the insider now directly owns 57,860,159 shares of the company’s stock, valued at $454,780,849.74. The trade was a 0.12 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 Monday, November 25th, Saba Capital Management, L.P. acquired 266,732 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.96 per share, with a total value of $2,123,186.72.
On Tuesday, November 19th, Saba Capital Management, L.P. acquired 92,376 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.60 per share, with a total value of $702,057.60.
On Wednesday, November 13th, Saba Capital Management, L.P. acquired 94,406 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.82 per share, with a total value of $738,254.92.
On Monday, November 11th, Saba Capital Management, L.P. acquired 22,616 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.83 per share, with a total value of $177,083.28.
On Thursday, November 7th, Saba Capital Management, L.P. acquired 40,719 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.71 per share, with a total value of $313,943.49.
On Tuesday, November 5th, Saba Capital Management, L.P. bought 16,939 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.47 per share, with a total value of $126,534.33.
On Wednesday, October 30th, Saba Capital Management, L.P. bought 61,003 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.66 per share, with a total value of $467,282.98.
On Monday, October 28th, Saba Capital Management, L.P. bought 123,691 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.62 per share, with a total value of $942,525.42.
On Friday, October 25th, Saba Capital Management, L.P. bought 68,934 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.55 per share, with a total value of $520,451.70.
On Wednesday, October 23rd, Saba Capital Management, L.P. bought 76,043 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.52 per share, with a total value of $571,843.36.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of BIGZ stock opened at $7.92 on Thursday. The firm has a fifty day simple moving average of $7.63 and a 200-day simple moving average of $7.43. BlackRock Innovation and Growth Term Trust has a twelve month low of $6.66 and a twelve month high of $8.25.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.0863 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.04 annualized dividend and a yield of 13.08%.

Institutional Trading of BlackRock Innovation and Growth Term Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors raised its holdings in BlackRock Innovation and Growth Term Trust by 4.8% in the third quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock valued at $248,000 after acquiring an additional 1,500 shares in the last quarter. Dakota Wealth Management raised its holdings in BlackRock Innovation and Growth Term Trust by 9.4% in the second quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock valued at $153,000 after acquiring an additional 1,824 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in BlackRock Innovation and Growth Term Trust by 14.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 38,560 shares of the company’s stock valued at $314,000 after acquiring an additional 4,810 shares in the last quarter. PFG Investments LLC raised its holdings in BlackRock Innovation and Growth Term Trust by 75.1% in the second quarter. PFG Investments LLC now owns 23,538 shares of the company’s stock valued at $170,000 after acquiring an additional 10,099 shares in the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in BlackRock Innovation and Growth Term Trust in the second quarter valued at $75,000.

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.