Saba Capital Management, L.P. Acquires 106,617 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. bought 106,617 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were purchased at an average cost of $7.46 per share, with a total value of $795,362.82. Following the transaction, the insider now directly owns 60,262,743 shares in the company, valued at approximately $449,560,062.78. This trade represents a 0.18 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares 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, December 30th, Saba Capital Management, L.P. bought 279,479 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.45 per share, for a total transaction of $2,082,118.55.
• On Thursday, December 26th, Saba Capital Management, L.P. purchased 69,719 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.65 per share, for a total transaction of $533,350.35.
• On Monday, December 16th, Saba Capital Management, L.P. acquired 350,000 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.91 per share, for a total transaction of $2,768,500.00.
• On Thursday, December 12th, Saba Capital Management, L.P. purchased 355,173 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.87 per share, with a total value of $2,795,211.51.
• On Wednesday, December 4th, Saba Capital Management, L.P. bought 185,716 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $8.07 per share, for a total transaction of $1,498,728.12.
• On Monday, December 2nd, Saba Capital Management, L.P. purchased 94,924 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.98 per share, with a total value of $757,493.52.
• On Monday, November 25th, Saba Capital Management, L.P. bought 266,732 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.96 per share, with a total value of $2,123,186.72.
• On Friday, November 22nd, Saba Capital Management, L.P. bought 68,422 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.86 per share, for a total transaction of $537,796.92.
• On Tuesday, November 19th, Saba Capital Management, L.P. purchased 92,376 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.60 per share, with a total value of $702,057.60.
• On Wednesday, November 13th, Saba Capital Management, L.P. purchased 94,406 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.82 per share, for a total transaction of $738,254.92.

BlackRock Innovation and Growth Term Trust Stock Up 1.6 %

Shares of NYSE BIGZ traded up $0.12 during trading on Monday, reaching $7.75. 574,051 shares of the stock traded hands, compared to its average volume of 545,225. BlackRock Innovation and Growth Term Trust has a 52-week low of $6.66 and a 52-week high of $8.25. The company has a 50-day moving average of $7.73 and a 200-day moving average of $7.50.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.0868 dividend. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

A number of institutional investors and hedge funds have recently bought and sold shares of BIGZ. J.W. Cole Advisors Inc. purchased a new stake in shares of BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at $75,000. PFG Investments LLC increased its position in BlackRock Innovation and Growth Term Trust by 75.1% during the 2nd quarter. PFG Investments LLC now owns 23,538 shares of the company’s stock valued at $170,000 after purchasing an additional 10,099 shares during the period. Virtu Financial LLC bought a new position in BlackRock Innovation and Growth Term Trust in the 3rd quarter worth $191,000. Garden State Investment Advisory Services LLC purchased a new stake in shares of BlackRock Innovation and Growth Term Trust in the 3rd quarter worth about $245,000. Finally, Captrust Financial Advisors lifted 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 worth $248,000 after buying an additional 1,500 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.