BlackRock Innovation and Growth Term Trust (NYSE:BIGZ - Get Free Report) major shareholder Saba Capital Management, L.P. acquired 139,326 shares of the company's stock in a transaction on Monday, April 1st. The shares were purchased at an average cost of $8.10 per share, with a total value of $1,128,540.60. Following the completion of the purchase, the insider now directly owns 52,103,294 shares of the company's stock, valued at $422,036,681.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 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 Wednesday, March 27th, Saba Capital Management, L.P. bought 185,987 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average price of $8.06 per share, with a total value of $1,499,055.22.
- On Monday, March 25th, Saba Capital Management, L.P. purchased 152,676 shares of BlackRock Innovation and Growth Term Trust stock. The shares were purchased at an average price of $7.98 per share, for a total transaction of $1,218,354.48.
- On Friday, March 22nd, Saba Capital Management, L.P. acquired 100,000 shares of BlackRock Innovation and Growth Term Trust stock. The stock was purchased at an average cost of $7.97 per share, with a total value of $797,000.00.
- On Wednesday, March 20th, Saba Capital Management, L.P. bought 241,858 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $7.84 per share, for a total transaction of $1,896,166.72.
- On Thursday, March 7th, Saba Capital Management, L.P. purchased 17,047 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average cost of $8.04 per share, with a total value of $137,057.88.
- On Thursday, February 29th, Saba Capital Management, L.P. acquired 60,078 shares of BlackRock Innovation and Growth Term Trust stock. The stock was acquired at an average cost of $8.01 per share, for a total transaction of $481,224.78.
- On Monday, February 26th, Saba Capital Management, L.P. bought 273,686 shares of BlackRock Innovation and Growth Term Trust stock. The shares were acquired at an average price of $8.11 per share, with a total value of $2,219,593.46.
- On Thursday, February 22nd, Saba Capital Management, L.P. purchased 178,566 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $8.03 per share, for a total transaction of $1,433,884.98.
- On Tuesday, February 20th, Saba Capital Management, L.P. acquired 56,252 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 $444,953.32.
- On Thursday, February 15th, Saba Capital Management, L.P. bought 486,478 shares of BlackRock Innovation and Growth Term Trust stock. The stock was bought at an average price of $8.07 per share, for a total transaction of $3,925,877.46.
BlackRock Innovation and Growth Term Trust Price Performance
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BlackRock Innovation and Growth Term Trust stock opened at $7.89 on Thursday. The company has a 50 day moving average price of $7.94 and a 200-day moving average price of $7.37. 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 Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a dividend of $0.0445 per share. The ex-dividend date of this dividend is Friday, April 12th. This is a positive change from BlackRock Innovation and Growth Term Trust's previous monthly dividend of $0.04. This represents a $0.53 dividend on an annualized basis and a yield of 6.77%.
Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust
Several hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust in the 3rd quarter valued at about $27,000. CWM LLC increased its holdings 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 valued at $44,000 after buying an additional 6,186 shares during the period. PNC Financial Services Group Inc. raised its stake in BlackRock Innovation and Growth Term Trust by 272.0% in 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 bought a new position in BlackRock Innovation and Growth Term Trust in the second quarter worth approximately $71,000. Finally, OmniStar Financial Group Inc. purchased a new stake in BlackRock Innovation and Growth Term Trust during the third quarter worth $80,000.
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.
Further Reading
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