Register Financial Advisors LLC Makes New Investment in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Register Financial Advisors LLC bought a new position in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,456 shares of the company’s stock, valued at approximately $53,000.

Several other large investors also recently added to or reduced their stakes in the business. Lazard Asset Management LLC grew its position in BlackRock Innovation and Growth Term Trust by 21.8% in the third quarter. Lazard Asset Management LLC now owns 2,581,925 shares of the company’s stock worth $17,970,000 after acquiring an additional 462,842 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in BlackRock Innovation and Growth Term Trust by 2.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,323,570 shares of the company’s stock worth $9,702,000 after acquiring an additional 36,177 shares in the last quarter. Karpus Management Inc. grew its position in BlackRock Innovation and Growth Term Trust by 54.3% in the fourth quarter. Karpus Management Inc. now owns 1,203,858 shares of the company’s stock worth $8,824,000 after acquiring an additional 423,468 shares in the last quarter. 1607 Capital Partners LLC grew its position in 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 acquiring an additional 5,500 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its position in BlackRock Innovation and Growth Term Trust by 8,592.9% in the fourth quarter. Wolverine Asset Management LLC now owns 337,545 shares of the company’s stock worth $2,474,000 after acquiring an additional 333,662 shares in the last quarter.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of BlackRock Innovation and Growth Term Trust stock opened at $7.23 on Friday. The firm has a fifty day simple moving average of $7.33 and a 200-day simple moving average of $7.56. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.21 and a 1-year high of $8.35.

BlackRock Innovation and Growth Term Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.0889 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 14.75%. This is a boost from BlackRock Innovation and Growth Term Trust’s previous monthly dividend of $0.04. The ex-dividend date was Friday, June 14th.

Insider Transactions at BlackRock Innovation and Growth Term Trust

In other news, major shareholder Saba Capital Management, L.P. acquired 139,326 shares of BlackRock Innovation and Growth Term Trust stock in a transaction dated Monday, April 1st. The stock was acquired at an average cost of $8.10 per share, for a total transaction of $1,128,540.60. Following the completion of the purchase, the insider now owns 52,103,294 shares of the company’s stock, valued at $422,036,681.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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.