NEW YORK—Boaz Weinstein, a significant owner at Saba Capital Management, L.P., has made a substantial investment in BlackRock (NYSE:BLK) Innovation & Growth Term Trust (NYSE:BIGZ). According to a recent SEC filing, Weinstein purchased 108,299 shares of the trust, totaling approximately $811,159. The shares were acquired at a price of $7.49 each.
This purchase increases Weinstein's holdings in the trust to 60,156,126 shares. Saba Capital, known for its strategic investments, continues to expand its stake in BlackRock's innovative growth fund, which focuses on long-term capital appreciation through investments in growth-oriented companies. The trust, with a market capitalization of $1.63 billion, currently shows a weak financial health score based on InvestingPro metrics.
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