HighTower Advisors LLC Sells 165,992 Shares of BlackRock Innovation and Growth Term Trust (NYSE:BIGZ)

HighTower Advisors LLC decreased its holdings in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) by 83.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,267 shares of the company’s stock after selling 165,992 shares during the period. HighTower Advisors LLC’s holdings in BlackRock Innovation and Growth Term Trust were worth $252,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Captrust Financial Advisors increased 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 during the period. PFG Investments LLC raised its stake in BlackRock Innovation and Growth Term Trust by 75.1% in the second quarter. PFG Investments LLC now owns 23,538 shares of the company’s stock valued at $170,000 after purchasing an additional 10,099 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new position in BlackRock Innovation and Growth Term Trust in the second quarter valued at about $75,000. International Assets Investment Management LLC bought a new stake in BlackRock Innovation and Growth Term Trust during the third quarter worth about $1,690,000. Finally, Garden State Investment Advisory Services LLC acquired a new stake in BlackRock Innovation and Growth Term Trust during the third quarter worth about $245,000.

Insider Transactions at BlackRock Innovation and Growth Term Trust

In other news, major shareholder Saba Capital Management, L.P. purchased 23,267 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average cost of $7.61 per share, with a total value of $177,061.87. Following the purchase, the insider now owns 55,775,218 shares in the company, valued at $424,449,408.98. This represents a 0.04 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have acquired 2,351,375 shares of company stock worth $18,340,491.

BlackRock Innovation and Growth Term Trust Stock Up 1.5 %

Shares of BIGZ stock opened at $7.64 on Wednesday. BlackRock Innovation and Growth Term Trust has a fifty-two week low of $6.66 and a fifty-two week high of $8.25. The stock’s fifty day moving average price is $7.73 and its two-hundred day moving average price is $7.48.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 16th were paid a dividend of $0.0868 per share. This represents a $1.04 annualized dividend and a dividend yield of 13.63%. The ex-dividend date of this dividend was Monday, December 16th.

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.