Saba Capital Management, L.P., a significant shareholder in BlackRock (NYSE:) Innovation & Growth Term Trust (NYSE:BIGZ), has recently increased its stake in the company. According to a recent SEC filing, Saba Capital acquired 59,630 shares of common stock at a price of $7.69 per share on January 7, 2025. This purchase represents a total transaction value of approximately $458,554.
Following this acquisition, Saba Capital now holds a total of 60,675,395 shares in the trust. The transaction was carried out indirectly by Saba Capital Management, further solidifying its position as a ten percent owner of the company. The filing was signed by Zachary Gindes on behalf of Saba Capital Management and Boaz Weinstein, underscoring their ongoing involvement in managing the investment. InvestingPro analysis indicates the trust has delivered a 17.9% total return over the past year, though it maintains a weak overall financial health score. Subscribers can access additional insights and 12+ more ProTips about BIGZ on the platform.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
