👀 Copy Legendary Investors' Portfolios in One ClickCopy For Free

BlackRock innovation & growth term trust sees $4.6 million stock purchase

Published 16/12/2024, 15:50
BIGZ
-

In recent activity reported by the SEC, Saba Capital Management, L.P. and Boaz Weinstein, both ten percent owners, have acquired a significant amount of common stock in BlackRock (NYSE:BLK) Innovation & Growth Term Trust (NYSE:BIGZ). The transactions, which took place on December 12 and 13, involved the purchase of 355,173 and 233,126 shares, respectively. The purchase prices ranged from $7.87 to $7.90 per share, culminating in a total expenditure of approximately $4.6 million. Following these transactions, the total number of shares owned by the reporting parties is 59,196,236. InvestingPro subscribers have access to additional insights, including multiple key financial metrics and analysis of the fund's valuation status.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.