Saba Capital Management, L.P., a significant shareholder in BlackRock (NYSE:BLK) Innovation & Growth Term Trust (NYSE:BIGZ), has increased its stake in the company with recent purchases totaling approximately $1.7 million. The transactions occurred on December 3 and 4, with shares acquired at prices ranging from $7.97 to $8.07. The acquisitions resulted in Saba Capital's ownership rising to 58,448,770 shares. This move reflects the firm's continued interest in the trust's potential for innovation and growth. Notably, InvestingPro data shows the trust offers a substantial dividend yield of ~13%, though it currently maintains a weak financial health score. For additional insights and analysis, including more exclusive ProTips, explore InvestingPro.
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