Insider Buying: BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Purchases 68,422 Shares of Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) major shareholder Saba Capital Management, L.P. acquired 68,422 shares of the stock in a transaction dated Friday, November 22nd. The stock was bought at an average cost of $7.86 per share, with a total value of $537,796.92. Following the completion of the purchase, the insider now directly owns 57,860,159 shares in the company, valued at approximately $454,780,849.74. The trade was a 0.12 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Large 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 Tuesday, November 19th, Saba Capital Management, L.P. purchased 92,376 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.60 per share, for a total transaction of $702,057.60.
• On Wednesday, November 13th, Saba Capital Management, L.P. acquired 94,406 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.82 per share, for a total transaction of $738,254.92.
• On Monday, November 11th, Saba Capital Management, L.P. bought 22,616 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.83 per share, with a total value of $177,083.28.
• On Thursday, November 7th, Saba Capital Management, L.P. purchased 40,719 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased 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 stock was purchased at an average cost of $7.47 per share, with a total value 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 shares were acquired at an average price of $7.66 per share, with a total value of $467,282.98.
• On Monday, October 28th, Saba Capital Management, L.P. purchased 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. acquired 68,934 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $7.55 per share, with a total value 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 shares were acquired at an average price of $7.52 per share, with a total value of $571,843.36.
• On Monday, October 21st, Saba Capital Management, L.P. purchased 64,641 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $7.59 per share, for a total transaction of $490,625.19.

BlackRock Innovation and Growth Term Trust Trading Up 1.4 %

Shares of BIGZ opened at $7.97 on Tuesday. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.66 and a 1-year high of $8.25. The company has a 50-day moving average of $7.62 and a 200 day moving average of $7.42.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.0863 per share. This represents a $1.04 annualized dividend and a dividend yield of 13.00%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Trading of BlackRock Innovation and Growth Term Trust

Large investors have recently modified their holdings of the company. J.W. Cole Advisors Inc. purchased a new position in BlackRock Innovation and Growth Term Trust during the 2nd quarter worth $75,000. Tempus Wealth Planning LLC bought a new position in shares of BlackRock Innovation and Growth Term Trust during the 2nd quarter worth $76,000. Dakota Wealth Management increased its stake in shares of BlackRock Innovation and Growth Term Trust by 9.4% during the second quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock valued at $153,000 after buying an additional 1,824 shares during the period. 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 valued at $170,000 after acquiring an additional 10,099 shares in the last quarter. Finally, Prudent Investors Network Inc. purchased a new stake in BlackRock Innovation and Growth Term Trust in the first quarter worth about $174,000.

BlackRock Innovation and Growth Term Trust Company Profile

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.