BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Purchases $2,170,241.47 in Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. bought 328,327 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was purchased at an average cost of $6.61 per share, with a total value of $2,170,241.47. Following the completion of the transaction, the insider now owns 31,922,932 shares in the company, valued at $211,010,580.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 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 Monday, November 6th, Saba Capital Management, L.P. bought 309,529 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $6.59 per share, with a total value of $2,039,796.11.
• On Monday, October 30th, Saba Capital Management, L.P. bought 545,789 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $6.25 per share, with a total value of $3,411,181.25.
• On Friday, October 27th, Saba Capital Management, L.P. bought 442,106 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $6.28 per share, with a total value of $2,776,425.68.
• On Wednesday, October 25th, Saba Capital Management, L.P. bought 28,030 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $6.35 per share, with a total value of $177,990.50.
• On Monday, October 23rd, Saba Capital Management, L.P. acquired 362,836 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $6.62 per share, with a total value of $2,401,974.32.
• On Friday, October 20th, Saba Capital Management, L.P. acquired 127,905 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average cost of $6.64 per share, with a total value of $849,289.20.
• On Wednesday, October 18th, Saba Capital Management, L.P. bought 213,755 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $6.83 per share, with a total value of $1,459,946.65.
• On Monday, October 16th, Saba Capital Management, L.P. bought 208,037 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $6.94 per share, with a total value of $1,443,776.78.
• On Friday, October 13th, Saba Capital Management, L.P. acquired 108,831 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $6.83 per share, with a total value of $743,315.73.
• On Wednesday, October 11th, Saba Capital Management, L.P. acquired 167,604 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.09 per share, with a total value of $1,188,312.36.

BlackRock Innovation and Growth Term Trust Stock Down 0.8 %

NYSE BIGZ opened at $6.58 on Tuesday. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.21 and a 1-year high of $8.35. The business has a 50 day moving average price of $6.96 and a 200 day moving average price of $7.44.

BlackRock Innovation and Growth Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be paid a $0.0453 dividend. This represents a $0.54 annualized dividend and a yield of 8.27%. The ex-dividend date of this dividend is Tuesday, November 14th.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

Hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. increased its stake in BlackRock Innovation and Growth Term Trust by 47.9% in the 1st quarter. Bessemer Group Inc. now owns 4,544 shares of the company’s stock valued at $36,000 after purchasing an additional 1,472 shares in the last quarter. CWM LLC increased its position in BlackRock Innovation and Growth Term Trust by 5,155.0% during the third quarter. CWM LLC now owns 6,306 shares of the company’s stock worth $44,000 after buying an additional 6,186 shares in the last quarter. PNC Financial Services Group Inc. increased its position in BlackRock Innovation and Growth Term Trust by 272.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,696 shares of the company’s stock worth $46,000 after buying an additional 4,896 shares in the last quarter. Captrust Financial Advisors purchased a new position in BlackRock Innovation and Growth Term Trust during the second quarter worth $71,000. Finally, Nomura Holdings Inc. purchased a new position in BlackRock Innovation and Growth Term Trust during the second quarter worth $81,000.

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.