BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Shares Acquired by Virtu Financial LLC

Virtu Financial LLC boosted its position in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 84.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,245 shares of the company’s stock after purchasing an additional 17,987 shares during the period. Virtu Financial LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $288,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC grew its stake in shares of BlackRock Innovation and Growth Term Trust by 17.4% during the third quarter. Kestra Advisory Services LLC now owns 13,533 shares of the company’s stock valued at $94,000 after acquiring an additional 2,005 shares in the last quarter. Chapin Davis Inc. raised its position in shares of BlackRock Innovation and Growth Term Trust by 2.8% in the 4th quarter. Chapin Davis Inc. now owns 85,885 shares of the company’s stock valued at $630,000 after purchasing an additional 2,300 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of BlackRock Innovation and Growth Term Trust by 5.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 65,521 shares of the company’s stock valued at $480,000 after buying an additional 3,105 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of BlackRock Innovation and Growth Term Trust during the third quarter worth approximately $27,000. Finally, 1607 Capital Partners LLC increased its stake in shares of BlackRock Innovation and Growth Term Trust by 0.7% in the third quarter. 1607 Capital Partners LLC now owns 775,844 shares of the company’s stock worth $5,400,000 after buying an additional 5,500 shares during the last quarter.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. acquired 139,326 shares of the business’s stock in a transaction on Monday, April 1st. The shares were purchased at an average price of $8.10 per share, for a total transaction of $1,128,540.60. Following the completion of the purchase, the insider now directly owns 52,103,294 shares of the company’s stock, valued at approximately $422,036,681.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders bought 477,989 shares of company stock worth $3,845,950.

BlackRock Innovation and Growth Term Trust Stock Down 0.1 %

BIGZ opened at $7.25 on Friday. BlackRock Innovation and Growth Term Trust has a 12-month low of $6.21 and a 12-month high of $8.35. The firm’s fifty day moving average price is $7.34 and its 200 day moving average price is $7.57.

BlackRock Innovation and Growth Term Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.0889 per share. This is a boost from BlackRock Innovation and Growth Term Trust’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.07 annualized dividend and a dividend yield of 14.71%.

BlackRock Innovation and Growth Term Trust Company Profile

BlackRock Innovation and Growth Term Trust is a mutual fund launched by BlackRock, Inc and managed by BlackRock Advisors, LLC. BlackRock Innovation and Growth Term Trust is based in United States.