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. acquired 106,617 shares of BlackRock Innovation and Growth Term Trust stock in a transaction on Thursday, January 2nd. The shares were purchased at an average price of $7.46 per share, with a total value of $795,362.82. Following the completion of the purchase, the insider now owns 60,262,743 shares in the company, valued at $449,560,062.78. This 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 the SEC website. Large 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, December 30th, Saba Capital Management, L.P. purchased 279,479 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost 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 bought 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. bought 350,000 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.91 per share, with a total value 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 stock was purchased at an average price of $7.87 per share, for a total transaction of $2,795,211.51.
• On Wednesday, December 4th, Saba Capital Management, L.P. acquired 185,716 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired 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 price 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 cost of $7.96 per share, with a total value of $2,123,186.72.
• On Friday, November 22nd, Saba Capital Management, L.P. acquired 68,422 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.86 per share, for a total transaction of $537,796.92.
• On Tuesday, November 19th, Saba Capital Management, L.P. acquired 92,376 shares of BlackRock Innovation and Growth Term Trust stock. The stock was 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 acquired at an average cost of $7.82 per share, with a total value of $738,254.92.

BlackRock Innovation and Growth Term Trust Price Performance

Shares of NYSE:BIGZ traded up $0.12 during trading on Monday, hitting $7.75. The company had a trading volume of 574,051 shares, compared to its average volume of 545,225. The company has a fifty day simple moving average of $7.73 and a two-hundred day simple moving average of $7.50. BlackRock Innovation and Growth Term Trust has a one year low of $6.66 and a one year high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.0868 per share. The ex-dividend date is Wednesday, January 15th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors boosted its stake in shares of BlackRock Innovation and Growth Term Trust by 4.8% during the third quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock valued at $248,000 after purchasing an additional 1,500 shares in the last quarter. PFG Investments LLC raised its holdings in shares of BlackRock Innovation and Growth Term Trust by 75.1% in the second quarter. PFG Investments LLC now owns 23,538 shares of the company’s stock worth $170,000 after buying an additional 10,099 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in BlackRock Innovation and Growth Term Trust during the 3rd quarter worth about $1,690,000. Sanctuary Advisors LLC purchased a new stake in BlackRock Innovation and Growth Term Trust in the second quarter valued at approximately $1,401,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of BlackRock Innovation and Growth Term Trust in the second quarter worth $75,000.

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.