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.
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