Insider Buying: BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Acquires 432,560 Shares of Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZGet Free Report) major shareholder Saba Capital Management, L.P. purchased 432,560 shares of BlackRock Innovation and Growth Term Trust stock in a transaction dated Monday, February 12th. The shares were purchased at an average cost of $8.23 per share, for a total transaction of $3,559,968.80. Following the completion of the transaction, the insider now owns 48,191,447 shares of the company’s stock, valued at $396,615,608.81. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% 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 Friday, February 9th, Saba Capital Management, L.P. purchased 222,038 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average cost of $8.13 per share, with a total value of $1,805,168.94.
  • On Wednesday, February 7th, Saba Capital Management, L.P. acquired 401,620 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 $3,156,733.20.
  • On Monday, February 5th, Saba Capital Management, L.P. acquired 29,397 shares of BlackRock Innovation and Growth Term Trust stock. The shares were bought at an average price of $7.70 per share, for a total transaction of $226,356.90.
  • On Friday, February 2nd, Saba Capital Management, L.P. bought 119,244 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.77 per share, for a total transaction of $926,525.88.
  • On Wednesday, January 31st, Saba Capital Management, L.P. purchased 340,328 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $7.64 per share, with a total value of $2,600,105.92.
  • On Monday, January 29th, Saba Capital Management, L.P. acquired 212,619 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.64 per share, with a total value of $1,624,409.16.
  • On Friday, January 26th, Saba Capital Management, L.P. acquired 492,596 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.57 per share, with a total value of $3,728,951.72.
  • On Wednesday, January 24th, Saba Capital Management, L.P. acquired 307,937 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average cost of $7.49 per share, with a total value of $2,306,448.13.
  • On Monday, January 22nd, Saba Capital Management, L.P. purchased 155,567 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average price of $7.37 per share, for a total transaction of $1,146,528.79.
  • On Thursday, January 18th, Saba Capital Management, L.P. acquired 39,441 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.22 per share, for a total transaction of $284,764.02.

BlackRock Innovation and Growth Term Trust Stock Performance

BIGZ stock traded up $0.04 during midday trading on Monday, reaching $8.20. 1,111,487 shares of the company’s stock traded hands, compared to its average volume of 868,927. The firm’s fifty day moving average price is $7.45 and its 200-day moving average price is $7.29. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.21 and a 52 week high of $8.35.

BlackRock Innovation and Growth Term Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.0447 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.54 dividend on an annualized basis and a yield of 6.54%.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

A number of hedge funds have recently bought and sold shares of BIGZ. Steward Partners Investment Advisory LLC raised its stake in BlackRock Innovation and Growth Term Trust by 5.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 65,521 shares of the company’s stock valued at $480,000 after acquiring an additional 3,105 shares during the period. US Bancorp DE bought a new position in BlackRock Innovation and Growth Term Trust in the fourth quarter valued at $111,000. D.A. Davidson & CO. purchased a new stake in BlackRock Innovation and Growth Term Trust during the fourth quarter valued at about $110,000. PNC Financial Services Group Inc. boosted its position in BlackRock Innovation and Growth Term Trust by 20.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 29,335 shares of the company’s stock valued at $215,000 after buying an additional 5,040 shares during the period. Finally, Shaker Financial Services LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust in the 4th quarter worth approximately $1,087,000.

About BlackRock Innovation and Growth Term Trust

(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.

See Also

Insider Buying and Selling by Quarter for BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Receive News & Ratings for BlackRock Innovation and Growth Term Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Innovation and Growth Term Trust and related companies with MarketBeat.com's FREE daily email newsletter.