BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Buys $146,752.02 in Stock

Posted by James Conley on Oct 4th, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. bought 19,386 shares of BlackRock Innovation and Growth Term Trust stock in a transaction that occurred on Monday, September 30th. The shares were acquired at an average cost of $7.57 per share, for a total transaction of $146,752.02. Following the completion of the transaction, the insider now directly owns 55,794,604 shares in the company, valued at $422,365,152.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 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 Friday, September 27th, Saba Capital Management, L.P. purchased 23,267 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.61 per share, for a total transaction of $177,061.87.
On Wednesday, September 25th, Saba Capital Management, L.P. acquired 31,988 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.52 per share, with a total value of $240,549.76.
On Monday, September 23rd, Saba Capital Management, L.P. bought 118,879 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.51 per share, for a total transaction of $892,781.29.
On Wednesday, September 18th, Saba Capital Management, L.P. purchased 315,074 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.47 per share, with a total value of $2,353,602.78.
On Monday, September 16th, Saba Capital Management, L.P. acquired 31,631 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $7.33 per share, for a total transaction of $231,855.23.
On Friday, August 23rd, Saba Capital Management, L.P. bought 30,643 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.32 per share, with a total value of $224,306.76.
On Wednesday, August 21st, Saba Capital Management, L.P. purchased 83,524 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.27 per share, for a total transaction of $607,219.48.
On Monday, August 19th, Saba Capital Management, L.P. bought 36,418 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $7.22 per share, with a total value of $262,937.96.
On Wednesday, August 7th, Saba Capital Management, L.P. purchased 83,903 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $6.95 per share, for a total transaction of $583,125.85.
On Monday, August 5th, Saba Capital Management, L.P. acquired 13,283 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $6.83 per share, with a total value of $90,722.89.

BlackRock Innovation and Growth Term Trust Trading Down 0.9 %

NYSE:BIGZ opened at $7.55 on Friday. The company’s fifty day moving average price is $7.32 and its 200-day moving average price is $7.40. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.21 and a 1-year high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.0864 per share. This represents a $1.04 annualized dividend and a yield of 13.74%. The ex-dividend date of this dividend is Tuesday, October 15th.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

A number of institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new position in BlackRock Innovation and Growth Term Trust in the second quarter valued at approximately $1,401,000. Quarry LP grew its position in BlackRock Innovation and Growth Term Trust by 251.2% during the second quarter. Quarry LP now owns 397,934 shares of the company’s stock valued at $2,877,000 after buying an additional 284,634 shares during the period. Almitas Capital LLC purchased a new position in BlackRock Innovation and Growth Term Trust in the second quarter valued at $3,928,000. Sessa Capital IM L.P. increased its holdings in BlackRock Innovation and Growth Term Trust by 15.0% in the second quarter. Sessa Capital IM L.P. now owns 2,739,993 shares of the company’s stock valued at $19,810,000 after buying an additional 356,372 shares in the last quarter. Finally, Logan Stone Capital LLC purchased a new stake in shares of BlackRock Innovation and Growth Term Trust during the 2nd quarter worth about $352,000.

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.