2,899,339 Shares in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,899,339 shares of the company’s stock, valued at approximately $21,571,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. SeaCrest Wealth Management LLC bought a new stake in BlackRock Innovation and Growth Term Trust during the 4th quarter valued at $110,000. Winebrenner Capital Management LLC bought a new stake in BlackRock Innovation and Growth Term Trust during the 4th quarter valued at $149,000. Virtu Financial LLC bought a new stake in BlackRock Innovation and Growth Term Trust during the 3rd quarter valued at $191,000. Concurrent Investment Advisors LLC bought a new stake in BlackRock Innovation and Growth Term Trust during the 4th quarter valued at $197,000. Finally, Garden State Investment Advisory Services LLC bought a new stake in BlackRock Innovation and Growth Term Trust during the 3rd quarter valued at $245,000.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. purchased 69,719 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were acquired at an average cost of $7.65 per share, for a total transaction of $533,350.35. Following the acquisition, the insider now owns 59,615,955 shares of the company’s stock, valued at $456,062,055.75. The trade was a 0.12 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have purchased 737,938 shares of company stock worth $5,588,821.

BlackRock Innovation and Growth Term Trust Stock Up 2.9 %

Shares of NYSE BIGZ opened at $6.52 on Monday. The business has a fifty day simple moving average of $7.69 and a two-hundred day simple moving average of $7.65. BlackRock Innovation and Growth Term Trust has a twelve month low of $6.66 and a twelve month high of $8.31.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.0862 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 16.15%.

About BlackRock Innovation and Growth Term Trust

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

Receive News & Ratings for BlackRock Innovation and Growth Term Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Innovation and Growth Term Trust and related companies with MarketBeat.com's FREE daily email newsletter.