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Saba capital management acquires $2.77 million in BlackRock Innovation & Growth Term Trust shares

Published 17/12/2024, 16:26
Saba capital management acquires $2.77 million in BlackRock Innovation & Growth Term Trust shares
BIGZ
0.47%

NEW YORK—Saba Capital Management, L.P. has increased its holdings in BlackRock (NYSE:BLK) Innovation & Growth Term Trust (NYSE:BIGZ) by acquiring 350,000 shares. The transaction, executed on December 16, was valued at approximately $2.77 million, with each share priced at $7.91.

Following this acquisition, Saba Capital Management now holds a total of 59,546,236 shares in the trust. The transaction was disclosed in a recent SEC filing, highlighting the firm's continued interest in the investment vehicle. Boaz Weinstein, a prominent figure in the financial world, is associated with this transaction, reflecting his ongoing involvement with Saba Capital Management. InvestingPro analysis indicates BIGZ has delivered a strong YTD return of over 20%, though its overall financial health score remains weak. Subscribers can access additional insights and metrics on the platform.

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