Private Advisor Group LLC Trims Stake in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Private Advisor Group LLC lowered its stake in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 6.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 104,926 shares of the company’s stock after selling 7,613 shares during the quarter. Private Advisor Group LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $792,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BIGZ. J.W. Cole Advisors Inc. purchased a new stake in BlackRock Innovation and Growth Term Trust in the 2nd quarter valued at approximately $75,000. Tempus Wealth Planning LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust during the 2nd quarter worth $76,000. Whittier Trust Co. purchased a new position in shares of BlackRock Innovation and Growth Term Trust during the 1st quarter worth $122,000. Dakota Wealth Management lifted its stake in shares of BlackRock Innovation and Growth Term Trust by 9.4% during the 2nd quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock worth $153,000 after purchasing an additional 1,824 shares during the period. Finally, PFG Investments LLC lifted its stake in shares of BlackRock Innovation and Growth Term Trust by 75.1% during the 2nd quarter. PFG Investments LLC now owns 23,538 shares of the company’s stock worth $170,000 after purchasing an additional 10,099 shares during the period.

BlackRock Innovation and Growth Term Trust Price Performance

Shares of BlackRock Innovation and Growth Term Trust stock opened at $7.51 on Friday. BlackRock Innovation and Growth Term Trust has a fifty-two week low of $6.47 and a fifty-two week high of $8.25. The business’s fifty day moving average is $7.50 and its two-hundred day moving average is $7.37.

BlackRock Innovation and Growth Term Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.0864 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 13.81%. The ex-dividend date of this dividend was Tuesday, October 15th.

Insiders Place Their Bets

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. purchased 13,283 shares of BlackRock Innovation and Growth Term Trust stock in a transaction on Monday, August 5th. The shares were bought at an average price of $6.83 per share, with a total value of $90,722.89. Following the purchase, the insider now directly owns 54,309,162 shares in the company, valued at $370,931,576.46. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired a total of 1,508,695 shares of company stock valued at $11,288,802 in the last quarter.

BlackRock Innovation and Growth Term Trust 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.