NEW YORK—Saba Capital Management, L.P., led by Boaz Weinstein, has made significant purchases of BlackRock (NYSE:BLK) Innovation & Growth Term Trust (NYSE:BIGZ) shares, as disclosed in a recent SEC filing. The investment firm acquired a total of 431,872 shares over two transactions, with prices ranging from $7.45 to $7.52 per share. The total value of these transactions amounts to approximately $3.2 million.
The purchases, dated December 27 and December 30, increase Saba Capital’s holdings in the trust to 60,047,827 shares. These transactions reflect the firm’s continued interest in the growth-driven trust, which focuses on innovative sectors. The trust has posted a 13.58% return year-to-date, though InvestingPro analysis indicates weak overall financial health. Subscribers can access additional insights and detailed financial metrics on the platform.
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