Saba Capital Management, L.P., led by Boaz Weinstein, has increased its holdings in the BlackRock (NYSE:BLK) Innovation & Growth Term Trust (NYSE:BIGZ). According to a recent SEC filing, the firm acquired 94,924 shares of the trust's common stock at a price of $7.98 per share. This acquisition represents a total transaction value of approximately $757,493. Following this purchase, Saba Capital Management now holds 58,237,616 shares of the trust. The fund has shown strong momentum with a 20.92% return year-to-date, though InvestingPro data indicates a weak financial health score of 1.25, suggesting investors should conduct thorough due diligence before following this institutional move.
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