Steward Partners Investment Advisory LLC Raises Holdings in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Steward Partners Investment Advisory LLC increased its position in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,686 shares of the company’s stock after purchasing an additional 3,245 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $638,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Captrust Financial Advisors lifted its stake in BlackRock Innovation and Growth Term Trust by 4.8% during the 3rd quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock worth $248,000 after acquiring an additional 1,500 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in BlackRock Innovation and Growth Term Trust during the 4th quarter worth about $110,000. Winebrenner Capital Management LLC acquired a new position in BlackRock Innovation and Growth Term Trust during the 4th quarter worth about $149,000. Virtu Financial LLC acquired a new position in BlackRock Innovation and Growth Term Trust during the 3rd quarter worth about $191,000. Finally, Concurrent Investment Advisors LLC acquired a new position in BlackRock Innovation and Growth Term Trust during the 4th quarter worth about $197,000.

Insider Activity at BlackRock Innovation and Growth Term Trust

In other news, major shareholder Saba Capital Management, L.P. bought 355,173 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $7.87 per share, for a total transaction of $2,795,211.51. Following the completion of the purchase, the insider now owns 58,963,110 shares in the company, valued at approximately $464,039,675.70. This trade represents a 0.61 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 1,443,111 shares of company stock valued at $11,152,533 over the last 90 days.

BlackRock Innovation and Growth Term Trust Price Performance

BIGZ opened at $6.40 on Wednesday. The stock’s 50-day moving average price is $7.75 and its 200 day moving average price is $7.67. BlackRock Innovation and Growth Term Trust has a 12-month low of $6.66 and a 12-month high of $8.31.

BlackRock Innovation and Growth Term Trust Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.0862 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 16.15%.

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.