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:BIGZ) 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

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.