BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Acquires $738,254.92 in Stock

Posted by Don Miller on Nov 17th, 2024

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 94,406 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were bought at an average price of $7.82 per share, for a total transaction of $738,254.92. Following the acquisition, the insider now directly owns 57,617,107 shares of the company’s stock, valued at approximately $450,565,776.74. This trade represents a 0.16 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Major 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 Monday, November 11th, Saba Capital Management, L.P. acquired 22,616 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.83 per share, for a total transaction 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 bought at an average price of $7.71 per share, for a total transaction of $313,943.49.
On Tuesday, November 5th, Saba Capital Management, L.P. acquired 16,939 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.47 per share, for a total transaction 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 acquired at an average price of $7.66 per share, for a total transaction 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 acquired at an average price of $7.62 per share, for a total transaction 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 acquired at an average price of $7.55 per share, for a total transaction 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 acquired at an average price of $7.52 per share, for a total transaction of $571,843.36.
On Monday, October 21st, Saba Capital Management, L.P. bought 64,641 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.59 per share, for a total transaction of $490,625.19.
On Friday, October 18th, Saba Capital Management, L.P. bought 51,163 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.60 per share, for a total transaction of $388,838.80.
On Wednesday, October 16th, Saba Capital Management, L.P. bought 64,275 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.58 per share, for a total transaction of $487,204.50.

BlackRock Innovation and Growth Term Trust Stock Down 2.6 %

Shares of BIGZ stock opened at $7.54 on Friday. 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 simple moving average of $7.57 and a two-hundred day simple moving average of $7.40.

BlackRock Innovation and Growth Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.0863 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 13.74%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

A number of institutional investors have recently added to or reduced their stakes in BIGZ. J.W. Cole Advisors Inc. bought a new stake in BlackRock Innovation and Growth Term Trust in the 2nd quarter worth about $75,000. Tempus Wealth Planning LLC bought a new stake in BlackRock Innovation and Growth Term Trust in the 2nd quarter worth about $76,000. Dakota Wealth Management grew its position in BlackRock Innovation and Growth Term Trust by 9.4% in the 2nd quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock worth $153,000 after purchasing an additional 1,824 shares in the last quarter. PFG Investments LLC grew its position in shares of 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 acquiring an additional 10,099 shares during the period. Finally, Prudent Investors Network Inc. bought a new position in shares of BlackRock Innovation and Growth Term Trust during the 1st quarter valued at approximately $174,000.

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.