Insider Buying: BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Purchases $148,866.90 in Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. purchased 20,254 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was purchased at an average price of $7.35 per share, for a total transaction of $148,866.90. Following the acquisition, the insider now owns 53,806,745 shares of the company’s stock, valued at approximately $395,479,575.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% 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 Wednesday, July 24th, Saba Capital Management, L.P. purchased 116,570 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.30 per share, for a total transaction of $850,961.00.
• On Friday, July 19th, Saba Capital Management, L.P. purchased 33,447 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.26 per share, for a total transaction of $242,825.22.
• On Wednesday, July 17th, Saba Capital Management, L.P. bought 34,572 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.38 per share, for a total transaction of $255,141.36.
• On Monday, July 15th, Saba Capital Management, L.P. bought 382,948 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.49 per share, for a total transaction of $2,868,280.52.
• On Friday, July 12th, Saba Capital Management, L.P. bought 113,116 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.45 per share, for a total transaction of $842,714.20.
• On Wednesday, July 10th, Saba Capital Management, L.P. bought 49,417 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.33 per share, for a total transaction of $362,226.61.
• On Monday, July 8th, Saba Capital Management, L.P. bought 200,706 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.40 per share, for a total transaction of $1,485,224.40.
• On Friday, July 5th, Saba Capital Management, L.P. bought 42,236 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.38 per share, for a total transaction of $311,701.68.
• On Monday, July 1st, Saba Capital Management, L.P. purchased 252,855 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.25 per share, with a total value of $1,833,198.75.

BlackRock Innovation and Growth Term Trust Stock Down 0.2 %

Shares of BIGZ opened at $7.23 on Friday. The stock has a 50 day moving average of $7.36 and a 200 day moving average of $7.56. BlackRock Innovation and Growth Term Trust has a 12 month low of $6.21 and a 12 month high of $8.35.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be given a dividend of $0.0885 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 14.69%. The ex-dividend date is Monday, July 15th.

Institutional Trading of BlackRock Innovation and Growth Term Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Thompson Investment Management Inc. purchased a new stake in shares of BlackRock Innovation and Growth Term Trust during the first quarter valued at approximately $33,000. Register Financial Advisors LLC purchased a new stake in shares of BlackRock Innovation and Growth Term Trust during the first quarter valued at approximately $53,000. Tempus Wealth Planning LLC purchased a new stake in shares of BlackRock Innovation and Growth Term Trust during the second quarter valued at approximately $76,000. Skyline Advisors Inc. purchased a new stake in BlackRock Innovation and Growth Term Trust in the fourth quarter worth $98,000. Finally, Successful Portfolios LLC purchased a new stake in BlackRock Innovation and Growth Term Trust in the fourth quarter worth $108,000.

About BlackRock Innovation and Growth Term Trust

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.