BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Stock Holdings Decreased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 37.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,963 shares of the company’s stock after selling 47,048 shares during the period. Allspring Global Investments Holdings LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $595,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its position in BlackRock Innovation and Growth Term Trust by 4.8% during the third quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock valued at $248,000 after purchasing an additional 1,500 shares in the last quarter. Jane Street Group LLC grew its position in BlackRock Innovation and Growth Term Trust by 421.8% during the third quarter. Jane Street Group LLC now owns 61,072 shares of the company’s stock valued at $461,000 after purchasing an additional 49,367 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in BlackRock Innovation and Growth Term Trust during the fourth quarter valued at approximately $110,000. International Assets Investment Management LLC purchased a new position in BlackRock Innovation and Growth Term Trust during the third quarter valued at approximately $1,690,000. Finally, Rivernorth Capital Management LLC grew its position in BlackRock Innovation and Growth Term Trust by 108.5% during the third quarter. Rivernorth Capital Management LLC now owns 1,142,760 shares of the company’s stock valued at $8,628,000 after purchasing an additional 594,776 shares in the last quarter.

BlackRock Innovation and Growth Term Trust Price Performance

BIGZ stock opened at $7.66 on Tuesday. BlackRock Innovation and Growth Term Trust has a 12 month low of $6.66 and a 12 month high of $8.31. The firm has a 50 day moving average of $7.87 and a two-hundred day moving average of $7.68.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.0866 dividend. This represents a $1.04 annualized dividend and a yield of 13.56%. The ex-dividend date is Friday, February 14th.

Insiders Place Their Bets

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. bought 282,123 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was bought at an average cost of $7.72 per share, with a total value of $2,177,989.56. Following the completion of the transaction, the insider now directly owns 60,615,765 shares of the company’s stock, valued at approximately $467,953,705.80. The trade was a 0.47 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 1,723,751 shares of company stock valued at $13,408,754 over the last ninety days.

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.