Insider Buying: BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Major Shareholder Buys $311,701.68 in Stock

BlackRock Innovation and Growth Term Trust (NYSE:BIGZGet Free Report) major shareholder Saba Capital Management, L.P. acquired 42,236 shares of BlackRock Innovation and Growth Term Trust stock in a transaction dated Friday, July 5th. The stock was purchased at an average price of $7.38 per share, for a total transaction of $311,701.68. Following the completion of the acquisition, the insider now directly owns 52,553,522 shares in the company, valued at approximately $387,844,992.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Monday, July 8th, Saba Capital Management, L.P. bought 200,706 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $7.40 per share, for a total transaction of $1,485,224.40.
  • On Monday, July 1st, Saba Capital Management, L.P. purchased 252,855 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.25 per share, with a total value of $1,833,198.75.

BlackRock Innovation and Growth Term Trust Price Performance

Shares of NYSE BIGZ opened at $7.34 on Thursday. The stock’s 50-day simple moving average is $7.36 and its 200-day simple moving average is $7.55. BlackRock Innovation and Growth Term Trust has a fifty-two week low of $6.21 and a fifty-two week high of $8.35.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be issued a dividend of $0.0885 per share. The ex-dividend date is Monday, July 15th. This represents a $1.06 dividend on an annualized basis and a yield of 14.46%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BIGZ. Raymond James & Associates lifted its position in BlackRock Innovation and Growth Term Trust by 0.9% in the first quarter. Raymond James & Associates now owns 1,857,646 shares of the company’s stock valued at $15,121,000 after acquiring an additional 16,989 shares during the last quarter. Karpus Management Inc. lifted its holdings in shares of BlackRock Innovation and Growth Term Trust by 24.2% in the 1st quarter. Karpus Management Inc. now owns 1,495,480 shares of the company’s stock valued at $12,173,000 after purchasing an additional 291,622 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of BlackRock Innovation and Growth Term Trust by 9.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,449,290 shares of the company’s stock valued at $11,797,000 after purchasing an additional 125,720 shares during the last quarter. Wolverine Asset Management LLC boosted its position in shares of BlackRock Innovation and Growth Term Trust by 8,592.9% in the 4th quarter. Wolverine Asset Management LLC now owns 337,545 shares of the company’s stock valued at $2,474,000 after purchasing an additional 333,662 shares during the period. Finally, Qube Research & Technologies Ltd grew its stake in BlackRock Innovation and Growth Term Trust by 17.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 285,220 shares of the company’s stock worth $1,985,000 after buying an additional 41,850 shares during the last quarter.

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.

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

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